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Raghu (Freelance Software Consultant)     06 November 2011

Question on :foreign payment - purpose code - understanding.

 

By doing freelancing work from internet, I received a payment from an US client into my bank account.  Now bank is asking me to specify "Purpose Code".

 

What i want to understnad is that 

1. What proof or further detials bank will ask me to produce if I  specify P0802?.  will they further ask me to provide Import/Export Code ?

 

2. What proof or further detials they will ask me to produce if I specify P0803 ?

 

Regards



Learning

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