The Consultation paper seeks comments/ suggestions from the IFSC units and other stakeholders on Mapping of Services Accounting Codes (SAC) and Introduction of Foreign Currency Expense Reporting for IFSC Units under Service Exports Reporting Form (SERF) and Monthly Performance Report (MPR). The objectives of this Consultation Paper are:
- To establish a consistent approach for classification and reporting of revenues from financial services by IFSC units under SERF;
- To introduce a mechanism for capturing foreign currency expense data in the MPR form;
- To enable estimation of value creation in foreign currency (FC) from and within the IFSC by netting gross foreign currency revenue and gross foreign currency expenses. Comments may be submitted to IFSCA on or before April 29, 2026
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