https://www.taxtmi.com/circulars?id=66329 Fees and charges payable in India for international debit cards, prepaid/store value cards, travel cards and similar instruments must be denominated and settled in Rupees. Authorised Persons collecting such India-payable fees in foreign currency are directed to settle and denominate those charges only in rupees. The direction is issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act and without prejudice to other statutory permissions. en-us Tue, 09 May 2023 00:00:00 +0530 Tue, 09 May 2023 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66329 Fees and charges payable in India for international debit cards, prepaid/store value cards, travel cards and similar instruments must be denominated and settled in Rupees. Authorised Persons collecting such India-payable fees in foreign currency are directed to settle and denominate those charges only in rupees. The direction is issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act and without prejudice to other statutory permissions. Circulars FEMA Tue, 09 May 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66329