https://www.taxtmi.com/circulars?id=64742 Mandatory submission by Category I Authorised Dealer banks of FETERS-Cards returns on the RBI web portal detailing international credit/debit card and UPI transactions with MCC, country, currency, amount (payment/refund) and transaction modality (card present/not present; QR code scan). Reporting covers forex sales by card issuing ADs and forex purchases by merchant acquirer ADs across PoS, e commerce and account transfers, to be submitted within seven working days of month end, effective for transactions from April 1, 2021, under Sections 10(4) and 11(2) of the Foreign Exchange Management Act, 1999. en-us Thu, 25 Mar 2021 00:00:00 +0530 Thu, 25 Mar 2021 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64742 Mandatory submission by Category I Authorised Dealer banks of FETERS-Cards returns on the RBI web portal detailing international credit/debit card and UPI transactions with MCC, country, currency, amount (payment/refund) and transaction modality (card present/not present; QR code scan). Reporting covers forex sales by card issuing ADs and forex purchases by merchant acquirer ADs across PoS, e commerce and account transfers, to be submitted within seven working days of month end, effective for transactions from April 1, 2021, under Sections 10(4) and 11(2) of the Foreign Exchange Management Act, 1999. Circulars FEMA Thu, 25 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64742