P0109 Purpose Code: Exports (of Goods)

P0109 is the RBI purpose code for: Export realisation on account of exports to Nepal and Bhutan. 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 P0109 has been classified as: Export realisation on account of exports to Nepal and Bhutan.

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 P0109 is defined. That list, Annex I to A.P. (DIR Series) Circular No. 84 of 29 February 2012, places P0109 in group 01, Exports (of Goods), and describes it as: Export realisation on account of exports to Nepal and Bhutan, if any. That is the wording a bank’s reporting desk works from, so it is the wording to match when you ask the bank what a remittance was reported as.

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)
• P0106Conversion of overdue export bills from NPD to collection modeExports (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)