RBI purpose code · Money paid abroad (outward)

S1505: Deemed imports (between SEZ, EPZ and the domestic tariff area)

Short answer. S1505 is the RBI purpose code for money paid abroad: deemed imports (between SEZ, EPZ and the domestic tariff area). It is reported to RBI under the code but settles no invoice or customs document. It goes on Form A2.

Direction
Money paid abroad (outward)
RBI head
15 · Refunds, bidding and deemed trade
Bank application
Form A2
Form 145 / 146
Part D where nothing is chargeable; Part A or C (with Form 146) where tax is due.
Income tax
Case by case
GST
Zero-rated / IGST
Reporting
SEZ / domestic area
In FxLayer
Links to Bills of Entry or Shipping Bills and their invoices.

When to use S1505

Use S1505 for money paid abroad: deemed imports (between SEZ, EPZ and the domestic tariff area). It sits under RBI head 15, refunds, bidding and deemed trade.

The same purpose in the other direction is P1505: Deemed exports (between SEZ, EPZ and the domestic tariff area) (money received).

Form A1 or Form A2

Form A2: the application for every payment abroad other than for goods imported into India. The bank may ask for the documents behind the payment and, unless the code is on the specified list, for Form 145.

Income tax

Not a payment for goods or a service: whether tax is withheld depends on what the payment is (a return of capital, a loan, a claim or income). Your CA decides.

Form 145 / 146: Part D where nothing is chargeable; Part A or C (with Form 146) where tax is due.

GST

Supplies from the domestic tariff area to an SEZ unit or developer are zero-rated; goods moving from an SEZ into the domestic tariff area are treated as imports, with customs duty and IGST on the Bill of Entry.

Reporting and closure

Deemed exports and imports between an SEZ, an EPZ and the domestic tariff area are settled against the invoice and the SEZ documents, like an ordinary export or import.

Questions

Form A2: the application for every payment abroad other than for goods imported into India. The bank may ask for the documents behind the payment and, unless the code is on the specified list, for Form 145.
Not a payment for goods or a service: whether tax is withheld depends on what the payment is (a return of capital, a loan, a claim or income). Your CA decides. Form 145 / 146: Part D where nothing is chargeable; Part A or C (with Form 146) where tax is due.
Supplies from the domestic tariff area to an SEZ unit or developer are zero-rated; goods moving from an SEZ into the domestic tariff area are treated as imports, with customs duty and IGST on the Bill of Entry.

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.