Mode of payment for foreign travel: cards accepted with KYC/AML, cardholder must be purchaser and card limits apply. Mode of payment for sale of foreign exchange for travel abroad is expanded to include debit, credit and prepaid travel cards in addition to rupee cash and specified bank instruments, provided KYC/AML compliance is met, the sale is within the card limits prescribed by the bank, and the purchaser and cardholder are the same person; payments above the existing cash threshold must be made by crossed cheque or banker's instruments.
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Provisions expressly mentioned in the judgment/order text.
Mode of payment for foreign travel: cards accepted with KYC/AML, cardholder must be purchaser and card limits apply.
Mode of payment for sale of foreign exchange for travel abroad is expanded to include debit, credit and prepaid travel cards in addition to rupee cash and specified bank instruments, provided KYC/AML compliance is met, the sale is within the card limits prescribed by the bank, and the purchaser and cardholder are the same person; payments above the existing cash threshold must be made by crossed cheque or banker's instruments.
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