ARTICLE · 09 JANUARY 2018

FEMA & International Tax

DNV & Co

With ever increasing use of e-commerce platform and online financial transactions across globe, it has become quite easy and is a regular norm to use online payment gateways for purchase of goods...

IndiaTax

Damania & Varaiya

FEMA & INTERNATIONAL TAX

FEMA - Regulations on Export of goods and services:

Export realization through Online Payment Gateway Service Providers (OPGSPs)

With ever increasing use of e-commerce platform and online financial transactions across globe, it has become quite easy and is a regular norm to use online payment gateways for purchase of goods and services through the use of Online Payment Gateway service providers. Reserve Bank has therefore come out with regulations governing these payments.

AD Category I banks have been allowed to offer services for realization of export related remittances by entering into standing arrangements with OPGSPs subject to the conditions as mentioned below:

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FEMA & International Tax

FEMA & INTERNATIONAL TAX

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