Calcutta HC Confirms KMC Can Revise Property Valuation to Levy Tax In ?11.24 Crore Dispute || Bom HC Cancels Bail of Accused Supplying Fake Medicines, Says it Weakens Public Trust in Healthcare || MP HC: Oral, Anal Sex Between Married Couples Not Punishable under Section 377 IPC || SC Says Respect For Higher Court Orders a Basic Principle, Rebukes Authority For Revisiting Order || SC: Merits of Foreign Arbitral Awards Cannot be Re-Examined During Enforcement Proceedings || SC: Failure to Sign Charge Sheet Doesn’t Invalidate Trial if Charges Were Properly Read to Accused || Delhi HC: Bipolar Disorder Alone Does Not Qualify as Medical Disability Without Benchmark Criteria || Kerala HC: Excommunicating Knanaya Catholics For Marrying Outside the Community is Unconstitutional || Kerala HC: Temporary Use of Religious Land For Public Infrastructure is Not a ‘Transfer’ under Law || P&H HC: Habeas Plea in Child Custody Case Not Maintainable if Child is With Natural Guardian and Safe

Processing and settlement of import and export related payments facilitated by Online Payment Gateway Service Providers - (Reserve Bank of India) (24 Sep 2015)

Import-export payments facilitated by OPGSP

MANU/APDR/0075/2015

Banking

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.

Relevant : Enhancement of the value of transaction MANU/APDR/0072/2013 Processing and Settlement of Export by Online Payment Gateways MANU/APDR/0137/2010

Tags : BANK IMPORT REMITTANCE ONLINE PAYMENT

Share :