P0106 Purpose Code: Exports (of Goods)
P0106 is the RBI purpose code for: Conversion of overdue export bills from NPD to collection mode. It sits in group 01, Exports (of Goods), of the receipt purposes RBI uses to classify foreign exchange coming into India.
What this code says about the money
A purpose code is your bank speaking, not you. When a foreign payment reaches your account, the AD bank reports it with a purpose code that states the RBI classification of the transaction, and that report is the Inward Remittance Message, the IRM. A remittance carrying P0106 has been classified as: Conversion of overdue export bills from NPD to collection mode.
Group 01 is the export family, which makes this one of the codes an eBRC filing most often carries. The certificate ties the remittance to the shipping bill or invoice it realised, and the purpose code is one of the fields checked along the way. When the code on a remittance does not match how the payment should read, the mismatch surfaces at mapping time, and the purpose code guide covers what to do about it.
In FETERS reporting
FETERS is the Foreign Exchange Transactions Electronic Reporting System, the system under which Authorised Dealer banks report their foreign exchange transactions to the RBI, and its receipt purpose list is where P0106 is defined. The eBRC API annexure, which is built on that list, describes P0106 as: Conversion of overdue export bills from NPD to collection mode. For the wording RBI currently uses for this code, ask the AD bank that reported the remittance; the bank’s reporting desk works from RBI’s list.
If the code on your remittance looks wrong
The code is attached at reporting time by the bank, so the fix runs through the bank, not through DGFT. Ask the AD branch that received the payment to confirm the classification; an amended report shows up as a revised IRM. What each IRM status means, and what you can do with a remittance in each state, is in the IRM explainer. Exporters who agree the purpose code with their buyer's bank once, at onboarding, rarely meet this page twice.
Other codes in group 01
- P0101Value of export bills negotiated / purchased / discounted (covered under GR/PP/SOFTEX/EC copy of shipping bills etc.) other than Nepal and BhutanExports (of Goods)
- P0102Realisation of export bills (goods) sent on collection, other than Nepal and BhutanExports (of Goods)
- P0103Advance receipts against export contracts, to be covered later by GR/PP/SOFTEX/SDF, other than Nepal and BhutanExports (of Goods)
- P0104Receipts against export of goods not covered by GR/PP/SOFTEX/EC copy (e.g., intermediary/transit trade)Exports (of Goods)
- P0105Export bills (in respect of goods) sent on collectionExports (of Goods)
- P0107Realisation of NPD export bills (full value of bill to be reported)Exports (of Goods)
- P0108Goods sold under merchanting / receipts against export leg of merchanting tradeExports (of Goods)
- P0109Export realisation on account of exports to Nepal and BhutanExports (of Goods)