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<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> </head> <body> <div style="font-family:Verdana, Geneva, sans-serif; font-size:12px; text-align:justify"> <table width="800" border="0" style="border:1px solid #ccc;padding:5px;" align="center" cellpadding="6" cellspacing="0"> <tr> <td align="left" valign="top"> <br /> Reserve Bank of India <br /><br /> Import-export payments facilitated by OPGSP<br /><br /> MANU/APDR/0075/2015 - (24 Sep 2015)<br /><br /> </td> </tr> <tr> <td align="left" valign="top">Processing and settlement of import and export related payments facilitated by Online Payment Gateway Service Providers</td> </tr> <tr> <td align="left" valign="top" style="background-color:#FDEDCE"><strong>Reserve Bank of India has permitted AD Category-1 banks to offer the facility of repatriating import related remittances, in respect of import of goods and services, by entering into standing arrangements with the Online Payment Gateway Service Providers.</strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Relevant : Enhancement of the value of transaction <manuid>MANU/APDR/0072/2013</manuid> Processing and Settlement of Export by Online Payment Gateways <manuid>MANU/APDR/0137/2010</manuid></strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Tags : Bank, import, remittance, online payment</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <!--<td><strong>Source : <a target="_new" href="http://www.manupatrafast.com/">newsroom.manupatra.com</a></strong></td>--> <td align="left" valign="top"><strong>Source : newsroom.manupatra.com</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <td align="left" valign="top">Regards</td> </tr> <tr> <td align="left" valign="top">Team Manupatra</td> </tr> <tr> <td align="left" valign="top"> </td> </tr> </table> </div> </body> </html>