Export remittance threshold increased for online payment gateway receipts enabling greater per-transaction repatriation under AD Category I arrangements. AD Category I banks are permitted to repatriate export-related receipts collected through standing arrangements with Online Payment Gateway Service Providers up to USD 10,000 per transaction (revising the prior USD 3,000 limit), effective immediately; all other terms of earlier A.P. (DIR Series) circulars continue to apply, and the directions are issued under Sections 10(4) and 11(1) of FEMA, 1999, following amendment by Notification No. FEMA.274/2013-RB.
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Export remittance threshold increased for online payment gateway receipts enabling greater per-transaction repatriation under AD Category I arrangements.
AD Category I banks are permitted to repatriate export-related receipts collected through standing arrangements with Online Payment Gateway Service Providers up to USD 10,000 per transaction (revising the prior USD 3,000 limit), effective immediately; all other terms of earlier A.P. (DIR Series) circulars continue to apply, and the directions are issued under Sections 10(4) and 11(1) of FEMA, 1999, following amendment by Notification No. FEMA.274/2013-RB.
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