Export remittance cap increased for online gateways, allowing higher per transaction repatriation under existing standing arrangements. AD Category I banks with standing arrangements with Online Payment Gateway Service Providers may accept and repatriate export related remittances up to USD 3000 per transaction through OPGSPs, replacing the earlier USD 500 limit; all other terms of A.P. (DIR Series) Circular No.17 remain unchanged and the revision is effective immediately under FEMA, subject to other applicable permissions.
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Provisions expressly mentioned in the judgment/order text.
Export remittance cap increased for online gateways, allowing higher per transaction repatriation under existing standing arrangements.
AD Category I banks with standing arrangements with Online Payment Gateway Service Providers may accept and repatriate export related remittances up to USD 3000 per transaction through OPGSPs, replacing the earlier USD 500 limit; all other terms of A.P. (DIR Series) Circular No.17 remain unchanged and the revision is effective immediately under FEMA, subject to other applicable permissions.
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