Use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards by Resident Indians while on a visit outside India.

Use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards by Resident Indians while on a visit outside India. https://www.taxtmi.com/circulars?id=11574 Issuers of international prepaid/travel cards must redeem unutilised balances immediately on request, while retaining only amounts authorised but unclaimed/not settled by acquirers until settlement, a small retained balance for pipeline transactions pending settlement, and transaction fees/service tax payable in rupees; authorised persons may hold authorised but unsettled amounts only until processing within the prescribed settlement timeframe. en-us Mon, 02 Apr 2012 00:00:00 +0530 Tue, 03 Apr 2012 10:08:00 +0530 TaxTMI RSS Generator Use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards by Resident Indians while on a visit outside India. https://www.taxtmi.com/circulars?id=11574 Issuers of international prepaid/travel cards must redeem unutilised balances immediately on request, while retaining only amounts authorised but unclaimed/not settled by acquirers until settlement, a small retained balance for pipeline transactions pending settlement, and transaction fees/service tax payable in rupees; authorised persons may hold authorised but unsettled amounts only until processing within the prescribed settlement timeframe. Circulars FEMA Mon, 02 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11574