Does the ₹10 Lakh Limit Mean You Don’t Need an EDF? (No, Here’s What It Actually Covers)
Heard bills under ₹10 lakh don't need an EDF?
They do. Here is what the EDF 10 lakh limit actually covers, and what it doesn't change.
P0103 : Advance receipts against exports (goods)
You received payment from an overseas buyer before you have shipped the goods
Indian goods exporters who collect…
P0101 : Export bills negotiated / purchased / discounted (except Nepal & Bhutan)
Your Indian bank has negotiated, purchased, or discounted an export bill on your behalf and you are receiving the funds…
P0017 : Sale of intangible assets by Indian companies (Patents, Copyrights, Trademarks)
An Indian company is selling or permanently transferring ownership of intellectual property - patents, copyrights, or…
P0016 : Purchase of foreign currency from foreign banks / monetary authorities
An Indian Authorised Dealer bank or the RBI is purchasing foreign currency from overseas banks or monetary authorities…
P0802 vs P0807: which purpose code after SOFTEX ends?
SOFTEX is being retired on 1 October 2026 and replaced by the unified Export Declaration Form (EDF).
For years, the…
P0015 : Bank loans & overdrafts to ADs from foreign banks
An Indian Authorised Dealer (AD) bank is receiving a loan or overdraft facility from a foreign bank
Indian scheduled…
P0014 : Receipts on account of Non-resident deposits (FCNRB / NRERA etc.)
A non-resident is placing a deposit with an Indian bank - such as an FCNR(B) or NRE fixed deposit - and the funds are…
