| Term | Meaning |
|---|---|
| AD / AD bank / AD Cat-I | Authorised Dealer Category-I bank: a bank licensed by RBI to deal in foreign exchange. For services, the EDF’s “specified authority” |
| AD code | Code identifying the AD bank branch for export reporting (obtain from the bank) |
| AATO | Annual aggregate turnover (GST) |
| ASP / GSP | Application Service Provider / GST Suvidha Provider. Third-party apps (ASPs) reach GSTN APIs only through an empanelled GSP |
| CDNUR | GSTR-1 table for credit or debit notes to unregistered persons and exports |
| e-BRC | Electronic Bank Realisation Certificate on the DGFT portal, generated from bank IRMs. Self-certified by the exporter; needs an IEC |
| EDF | Export Declaration Form. From 1 Oct 2026 compulsory for services exporters, monthly, filed with the AD |
| EDPMS | Export Data Processing and Monitoring System: RBI’s system where ADs record EDFs and mark them off against receipts |
| EEFC | Exchange Earners’ Foreign Currency account: an Indian bank account where exporters may keep foreign currency (each month’s accruals must be converted by the end of the next month) |
| FETERS | RBI’s foreign exchange transactions reporting by banks, using purpose codes |
| FIRA / FIRC / e-FIRC | Foreign Inward Remittance Advice / Certificate: the bank’s or PA’s proof that foreign money was received for a stated purpose |
| FIRS | Razorpay’s name for its inward remittance statement |
| IEC | Importer-Exporter Code (DGFT). Not mandatory for service exports unless claiming FTP benefits |
| IFF | Invoice Furnishing Facility (QRMP months 1–2). Exports cannot be reported here |
| InCA | Inward Collection Account: a PA-CB’s escrow account with an AD bank |
| IRM | Inward Remittance Message: a bank’s record of a trade receipt, pushed to EDPMS and DGFT |
| LUT (RFD-11) | Letter of Undertaking that lets a registered person export without paying IGST. Filed per FY |
| NOC | No-objection certificate some platforms (Deel, Wise) issue so a partner bank can issue a FIRA |
| PA-CB | Payment Aggregator – Cross Border, licensed by RBI (Inward / Outward) |
| POS | Place of supply (GST) |
| Purpose code | RBI code classifying the reason for a forex transaction (e.g. P0802) |
| QRMP | Quarterly Return Monthly Payment scheme (AATO ≤ ₹5 crore) |
| RCM | Reverse charge mechanism: the recipient pays the GST (e.g. on imported services) |
| SAC | Services Accounting Code (GST classification) |
| SOFTEX | Old software export declaration, abolished from 1 Oct 2026 and folded into the EDF |
| Specified authority | Who receives the EDF: AD bank (services), AD or STPI (software), DC-SEZ (SEZ units) |
| SRVA | Special Rupee Vostro Account (INR trade settlement) |
| STPI | Software Technology Parks of India |
| TTBR | Telegraphic Transfer Buying Rate (SBI), used for income-tax conversions |
| WOPAY / WPAY | GSTR-1 export types: without / with payment of IGST |
Glossary
Research notes as of 05 Oct 2026, not legal or tax advice.
VERIFIED
means we read the primary source, REPORTED
means secondary sources
only, and UNCERTAIN
means the law or practice is unclear. Ask your bank or a CA before acting
on uncertain points.