When to use P0104
Use P0104 for money received from abroad: receipts against intermediary / transit trade (third-country export passing through India). It sits under RBI head 01, goods – exports and imports.
Quote the Shipping Bill numbers the money settles when you tell the bank the purpose, so the receipt is matched in EDPMS.
The same purpose in the other direction is S0104: Intermediary trade / transit trade (third-country export passing through India) (money paid abroad).
Form A1 or Form A2
Neither. Form A1 and Form A2 are applications to send money out of India. For money coming in, the bank issues a Foreign Inward Remittance Advice (FIRA), or a payment platform an e-FIRA, naming the purpose code.
Income tax
Money received for goods or services you export is your business or professional income, taxed in your own return with the rest of your income. Nothing is withheld in India on money coming in.
GST
Goods that only pass through India under customs control are not supplied in India. Ask your CA how your route is treated.
Reporting and closure
The bank matches the receipt to the Shipping Bill in EDPMS. The full value must be realised within nine months of the date of export (twelve when invoiced or settled in rupees) under the FEMA Export and Import Regulations, 2026 as amended on 22 September 2026; ask the bank for any extension before the period ends. The eBRC follows from DGFT for exporters who claim benefits.
Questions
Guides
General information on RBI purpose codes and the FEMA, income-tax and GST rules as they stood on 14 October 2026. It is not legal or tax advice: confirm the position for your payment with your AD bank or your chartered accountant before acting.