{"id":1189,"date":"2026-08-04T17:52:19","date_gmt":"2026-08-04T12:22:19","guid":{"rendered":"https:\/\/blog.remitcircle.com\/?p=1189"},"modified":"2026-09-04T19:38:18","modified_gmt":"2026-09-04T14:08:18","slug":"p0102-realisation-of-export-bills-goods-sent-for-collection","status":"publish","type":"post","link":"https:\/\/blog.remitcircle.com\/purpose-codes\/p0102-realisation-of-export-bills-goods-sent-for-collection\/","title":{"rendered":"P0102 : Realisation of export bills (goods) sent for collection"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1189\" class=\"elementor elementor-1189\">\n\t\t\t\t<div class=\"elementor-element elementor-element-48a3676b e-flex e-con-boxed e-con e-parent\" data-id=\"48a3676b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-239166f7 elementor-widget elementor-widget-text-editor\" data-id=\"239166f7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2><span style=\"font-size: 23pt; font-family: Arial, sans-serif; color: #000000; background-color: transparent; font-variant: normal; vertical-align: baseline; white-space: pre-wrap;\">TL;DR<\/span><\/h2>\n<p><span style=\"font-weight: 400; letter-spacing: normal; background-color: transparent; font-size: 7pt; font-family: 'Times New Roman', serif; color: #000000; font-variant: normal; vertical-align: baseline; white-space: pre-wrap;\">\u00a0<\/span><strong><span style=\"letter-spacing: normal; background-color: transparent; font-size: 11pt; font-family: Arial, sans-serif; color: #000000; font-variant: normal; vertical-align: baseline; white-space: pre-wrap;\">Bank wire (SWIFT):<\/span><\/strong> <span style=\"letter-spacing: normal; background-color: transparent; color: #000000; font-family: Arial, sans-serif; font-size: 11pt; white-space: pre-wrap; text-indent: -14pt;\"><span style=\"font-weight: 400;\">Universal \u2014 works with any bank on earth, no new account needed. Costs stack from multiple directions (sender fee, intermediary bank deductions, receiving bank markup), and you often have to request your own FIRA. Best for a one-off, large, infrequent payment.<\/span><\/span><\/p>\n<p><span style=\"text-indent: -14pt; letter-spacing: normal; background-color: transparent; font-size: 11pt; font-family: Arial, sans-serif; color: #000000; font-variant: normal; vertical-align: baseline; white-space: pre-wrap;\"><b>Remit Circle:<\/b><\/span><span style=\"text-indent: -14pt; font-weight: 400; letter-spacing: normal; background-color: transparent; font-size: 11pt; font-family: Arial, sans-serif; color: #000000; font-variant: normal; vertical-align: baseline; white-space: pre-wrap;\"> A collection account built specifically for receiving from overseas clients, converting near the mid-market rate, with FIRA generated automatically per payment. Best for freelancers and software\/SaaS businesses billing overseas clients on a regular basis. <\/span><span style=\"text-indent: -14pt; font-weight: 400; letter-spacing: normal; background-color: transparent; font-size: 11pt; font-family: Arial, sans-serif; color: #000000; font-style: italic; font-variant: normal; vertical-align: baseline; white-space: pre-wrap;\">(Confirm current pricing on the site \u2014 figures move.)<\/span><\/p>\n<p><a href=\"\/category\/purpose-codes\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-type=\"page\" data-id=\"351\">See all RBI purpose codes<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><!-- \/wp:paragraph -->\n\n<!-- wp:heading {\"className\":\"\\u005c\\u005c\\u005c\\u0022wp-block-heading\\u005c\\u005c\\u005c\\u0022\"} --><\/p>\n<h2><strong>When to Use <strong><strong>P0102<\/strong><\/strong><\/strong><\/h2>\n<p><!-- \/wp:heading -->\n\n<!-- wp:paragraph --><\/p>\n<p>Use P0102 when you have shipped goods, the export bill was sent for collection (not negotiated or discounted upfront), and the foreign buyer has now remitted payment. Common scenarios:<\/p>\n<p><!-- \/wp:paragraph -->\n\n<!-- wp:list {\"className\":\"\\u005c\\u005c\\u005c\\u0022wp-block-list\\u005c\\u005c\\u005c\\u0022\"} --><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul><!-- wp:list-item --><\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>A textile exporter who sent DP bills via their bank and is now receiving payment from the overseas buyer<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><!-- \/wp:list-item -->\n\n<!-- wp:list-item --><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>A manufacturer who accepted DA terms (buyer pays on a future date) and the due date payment has arrived<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><!-- \/wp:list-item -->\n\n<!-- wp:list-item --><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>An Indian IT company receiving fixed-fee payments for building a custom software application for a foreign business<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><!-- \/wp:list-item -->\n\n<!-- wp:list-item --><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Realisation of export proceeds that were previously reported as bills sent for collection under P0105<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><!-- \/wp:list-item --><\/p>\n<p><!-- \/wp:list -->\n\n<!-- wp:quote --><\/p>\n<blockquote>\n<p><!-- wp:paragraph --><\/p>\n<p><strong>Quick check:<\/strong> <strong>\u00a0<\/strong>If your bank pre-financed you against shipping documents, that was P0101. If you waited for the buyer to pay and the money has now arrived, it&#8217;s P0102.<\/p>\n<p>&nbsp;<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<\/blockquote>\n<p><!-- \/wp:quote -->\n\n<!-- wp:heading --><\/p>\n<h2><strong><strong><strong>Wrong Code? Use These Instead<\/strong><\/strong><\/strong><\/h2>\n<p><!-- \/wp:heading -->\n\n<!-- wp:table --><\/p>\n<figure>\n<table>\n<thead>\n<tr>\n<th><strong>If your money is from\u2026<\/strong><\/th>\n<th><strong>Correct code to use<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Bank negotiated \/ discounted export bill (bank pre-paid you)<\/td>\n<td><strong><strong><strong>P0101<\/strong><\/strong><\/strong><\/td>\n<\/tr>\n<tr>\n<td>Advance payment received from buyer before shipment<\/td>\n<td><strong><strong><strong>P0103<\/strong><\/strong><\/strong><\/td>\n<\/tr>\n<tr>\n<td>Export receipts without a shipping bill (samples, small gifts)<\/td>\n<td><strong><strong><strong>P0104<\/strong><\/strong><\/strong><\/td>\n<\/tr>\n<tr>\n<td>Export bill sent for collection but NOT yet realised<\/td>\n<td><strong><strong><strong>P0105<\/strong><\/strong><\/strong><\/td>\n<\/tr>\n<tr>\n<td>Realisation of an overdue export bill<\/td>\n<td><strong><strong><strong>P0107<\/strong><\/strong><\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><br\/>\n<\/figure>\n<p><!-- \/wp:table -->\n\n<!-- wp:heading {\"className\":\"\\u005c\\u005c\\u005c\\u0022wp-block-heading\\u005c\\u005c\\u005c\\u0022\"} --><\/p>\n<h2><strong><strong>Documents to Keep Ready<\/strong><\/strong><\/h2>\n<p><!-- \/wp:heading -->\n\n<!-- wp:table --><\/p>\n<figure>\n<table>\n<thead>\n<tr>\n<th><strong>Document<\/strong><\/th>\n<th><strong>Why you need it<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong><strong><strong>Shipping bill \/ Bill of lading<\/strong><\/strong><\/strong><\/td>\n<td>Primary export document confirming goods were dispatched<\/td>\n<\/tr>\n<tr>\n<td><strong><strong><strong>Commercial invoice<\/strong><\/strong><\/strong><\/td>\n<td>Records the value and terms of the export<\/td>\n<\/tr>\n<tr>\n<td><strong><strong>Bank&#8217;s collection advice \/ SWIFT MT754<\/strong><\/strong><\/td>\n<td>Confirms the buyer&#8217;s bank has remitted the payment<\/td>\n<\/tr>\n<tr>\n<td><strong><strong><strong>Export Declaration Form (EDF)<\/strong><\/strong><\/strong><\/td>\n<td>FEMA-mandated declaration for all goods exports<\/td>\n<\/tr>\n<tr>\n<td><strong>e-FIRA<\/strong><\/td>\n<td>Official proof of inward remittance tagged with purpose code P0102<\/td>\n<\/tr>\n<tr>\n<td><strong><strong><strong>KYC documents<\/strong><\/strong><\/strong><\/td>\n<td>For entities operating in IT Standard bank requirement \u2014 PAN, IEC, business registration<\/td>\n<\/tr>\n<\/tbody>\n<\/table><br\/>\n<\/figure>\n<p><!-- \/wp:table -->\n\n<!-- wp:heading {\"className\":\"\\u005c\\u005c\\u005c\\u0022wp-block-heading\\u005c\\u005c\\u005c\\u0022\"} --><\/p>\n<h2><strong>What is an e-FIRA \u2014 and Why Does It Matter?<\/strong><\/h2>\n<p><!-- \/wp:heading -->\n\n<!-- wp:paragraph --><\/p>\n<p>An e-FIRA (Electronic Foreign Inward Remittance Advice) is the official proof that foreign money entered India. It confirms the nature and purpose of the inflow, which matters for tax treatment, FEMA compliance, and audit trails.<\/p>\n<p><!-- \/wp:paragraph -->\n\n<!-- wp:paragraph --><\/p>\n<p>Your bank generates it automatically once the funds land. You can usually download it from your internet banking portal or request it at your Forex desk. The e-FIRA will reflect the correct purpose code, which your CA or accounts team will reference during filings.<\/p>\n<p><!-- \/wp:paragraph -->\n\n<!-- wp:quote --><\/p>\n<blockquote>\n<p><!-- wp:paragraph --><\/p>\n<p>\u00a0<strong>Did you know? <\/strong> Some banks take days to issue an e-FIRA. With Remit Circle, you can download yours instantly \u2014 at no charge \u2014 the moment your payment is credited. \u2192 Get your free e-FIRA via Remit Circle<\/p>\n<p>&nbsp;<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<\/blockquote>\n<p><!-- \/wp:quote -->\n\n<!-- wp:paragraph --><\/p>\n<p><!-- \/wp:paragraph -->\n\n<!-- wp:heading --><\/p>\n<h2><strong>Receive Inward Remittances Compliantly with Remit Circle<\/strong><\/h2>\n<p><!-- \/wp:heading -->\n\n<!-- wp:paragraph --><\/p>\n<p>Getting the purpose code right on an inward remittance isn&#8217;t just a formality \u2014 a mismatch can cause payment holds, RBI queries, or incorrect tax treatment. Remit Circle is built to handle this for you.<\/p>\n<p><!-- \/wp:paragraph -->\n\n<!-- wp:paragraph --><\/p>\n<p><strong>Instant e-FIRA \u2014 <\/strong>Download your Foreign Inward Remittance Advice the moment funds are credited. No waiting on the bank, no Forex desk visits. Free.<\/p>\n<p><!-- \/wp:paragraph -->\n\n<!-- wp:paragraph --><\/p>\n<p><strong>Correct purpose code, every time \u2014 <\/strong>Remit Circle flags the right code for your transaction type before the payment is processed, so there are no mismatch holds at the bank.<\/p>\n<p><!-- \/wp:paragraph -->\n\n<!-- wp:paragraph --><\/p>\n<p><strong>Multi-currency support \u2014 <\/strong>Receive in USD, EUR, GBP, AUD and more. Funds settle directly into your Indian bank account at competitive rates.<\/p>\n<p><!-- \/wp:paragraph -->\n\n<!-- wp:paragraph --><\/p>\n<p><strong>Compliance-ready records \u2014 <\/strong>Every transaction comes with a clean audit trail \u2014 purpose code, amount, date, counterparty \u2014 so you and your CA are always on the same page.<\/p>\n<p><!-- \/wp:paragraph -->\n\n<!-- wp:pullquote --><\/p>\n<figure>\n<blockquote>\n<p><strong>Start receiving international payments with Remit Circle<\/strong><\/p>\n<p><cite>Open a free account in minutes. No minimum balance, no hidden fees. Get your e-FIRA instantly on every inward remittance.<br \/><strong>\u00a0<a href=\"https:\/\/remitcircle.com\/authentication\/login\" target=\"_blank\" rel=\"noreferrer noopener\" data-type=\"link\" data-id=\"https:\/\/remitcircle.com\/authentication\/login\">Open your free Remit Circle account \u2192<\/a><\/strong><\/cite><\/p>\n<\/blockquote>\n<\/figure>\n<p><!-- \/wp:paragraph -->\n\n<!-- wp:paragraph --><\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-763a4dc e-con e-atomic-element e-flexbox-base e-6ac43be \" data-id=\"763a4dc\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"763a4dc\">\n    \t\t\t<h2 data-interaction-id=\"4406d72\" class=\"e-4406d72-e5910ed e-heading-base\"><strong id=\"e-mser367n-mouqw3g\">Frequently Asked Questions<\/strong><br><\/h2>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b43cf0 elementor-widget elementor-widget-n-accordion\" data-id=\"6b43cf0\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:200,&quot;sizes&quot;:[]},&quot;default_state&quot;:&quot;expanded&quot;,&quot;max_items_expended&quot;:&quot;one&quot;}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1120\" class=\"e-n-accordion-item\" open>\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"true\" aria-controls=\"e-n-accordion-item-1120\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Q: What is RBI purpose code P0102? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1120\" class=\"elementor-element elementor-element-b70c645 e-con-full e-flex e-con e-child\" data-id=\"b70c645\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<p class=\"e-paragraph-base\" data-interaction-id=\"d256cb2\">P0102 is used when an Indian goods exporter receives payment from an overseas buyer for a bill that was sent for collection \u2014 meaning the bank did not pre-finance the exporter and the proceeds are now being realised from the buyer directly.<\/p>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1121\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1121\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Q: What is the difference between P0101 and P0102? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1121\" class=\"elementor-element elementor-element-d27ed6b e-con-full e-flex e-con e-child\" data-id=\"d27ed6b\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<p class=\"e-paragraph-base\" data-interaction-id=\"a9d88df\">P0101 is for when your bank advances you money upfront by negotiating or discounting the export bill. P0102 is for when your bank simply collected the payment from the overseas buyer on your behalf \u2014 no advance was given.<\/p>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1122\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1122\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Q: What is the difference between P0102 and P0105? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1122\" class=\"elementor-element elementor-element-8ba7781 e-con-full e-flex e-con e-child\" data-id=\"8ba7781\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<p class=\"e-paragraph-base\" data-interaction-id=\"e6ab573\">P0105 is used when the export bill has been sent for collection but payment has not yet been received. P0102 is used once that payment actually arrives \u2014 it\u2019s the realisation of what was reported as P0105.<\/p>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1123\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"4\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1123\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Q: Do I need to close my Export Declaration Form (EDF) when I receive funds under P0102? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1123\" class=\"elementor-element elementor-element-f153920 e-flex e-con-boxed e-con e-child\" data-id=\"f153920\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<p class=\"e-paragraph-base\" data-interaction-id=\"82c3af1\">Yes. Under FEMA regulations, export proceeds must be realised within the stipulated period (generally 9 months from the date of shipment for most exporters). When P0102 funds are received, your AD bank will use this to close the corresponding EDF.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1124\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"5\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1124\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Q: What if the buyer pays only partially? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1124\" class=\"elementor-element elementor-element-6aac3a9 e-flex e-con-boxed e-con e-child\" data-id=\"6aac3a9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<p class=\"e-paragraph-base\" data-interaction-id=\"835cd4d\">Partial realisations are permissible but must be reported. Each partial payment will be tagged P0102. If the remaining amount remains overdue beyond the RBI-permitted period, you may need to apply for an extension or write-off through your AD bank.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-1125\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"6\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-1125\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Q: Can P0102 be used for service exports? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-1125\" class=\"elementor-element elementor-element-2cae6df e-flex e-con-boxed e-con e-child\" data-id=\"2cae6df\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<p class=\"e-paragraph-base\" data-interaction-id=\"ed29014\">No. P0102 is specific to goods (merchandise) exports. Payments for software, consulting, or other service exports are covered by different purpose codes \u2014 P0807 for off-site software\/freelance, and P10xx codes for professional services.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\n<\/div>\n<div class=\"elementor-element elementor-element-52956a6 e-con e-atomic-element e-flexbox-base e-481ccf2 \" data-id=\"52956a6\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"52956a6\">\n    \n<\/div>\n\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"You  shipped goods and sent the export bill to your bank for collection \u2014 and the overseas buyer has now paid.\nIndian goods exporters who use the Documentary Collection route (DA or DP bills) and are receiving buyer payments\nInward remittance (money coming into India)","protected":false},"author":260895651,"featured_media":1092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"csco_display_header_overlay":false,"csco_singular_sidebar":"default","csco_page_header_type":"default","csco_page_load_nextpost":"","csco_page_reading_time":"enabled","csco_page_toc_navigation":"default","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1384],"tags":[],"class_list":["post-1189","post","type-post","status-publish","format-standard","has-post-thumbnail","category-purpose-codes","cs-entry","cs-video-wrap"],"jetpack_publicize_connections":[],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/phhXOC-jb","jetpack-related-posts":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/blog.remitcircle.com\/wp-content\/uploads\/2026\/08\/P0102.jpg?fit=1200%2C800&ssl=1","_links":{"self":[{"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/posts\/1189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/users\/260895651"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/comments?post=1189"}],"version-history":[{"count":100,"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/posts\/1189\/revisions"}],"predecessor-version":[{"id":2243,"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/posts\/1189\/revisions\/2243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/media\/1092"}],"wp:attachment":[{"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/media?parent=1189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/categories?post=1189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/tags?post=1189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}