Regulatory Alerts2024-05-09
Added
Relaxation on single transaction through International Card issued against Resident Foreign Currency Deposit Account
Authorized Dealers may allow Resident Foreign Currency Deposit account holders, including two supplementary cardholders, to use International Cards for online payments against the actual purchase of goods and services from reputable sources abroad. Authorized Dealers must ensure the payment of applicable tax or duty obligations for these transactions, while cardholders are required to exercise caution regarding fraud risks from unreliable vendors. All other relevant instructions remain unchanged.
Topics
fx
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