Articles under RBI rules

RBI directions on Imports and Exports in India

Banking regulations on Exports and Imports in India   Click below to read: RBI guidelines which every Exporter need to read RBI guidelines which every Importer need to read Foreign Exchange Management Act 1999 (42 of 1999) allows  import and export goods and services as per  Foreign Exchange Management (Current Account Transaction) Rules, 2000, vide Notification GSR 381E dated 03 rd May, 2000.  These Regulations are amended fr

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Banking guide for Exporters in India

  RBI guidelines which every Exporter need to read   Foreign Exchange Management Act 1999 (42 of 1999) allows  export of goods and services as per  Foreign Exchange Management (Current Account Transaction) Rules, 2000, vide Notification GSR 381E dated 03 rd May, 2000.  These Regulations are amended from time to time to incorporate the changes in the regulatory framework and published through amendment notifications.  Within the contours of the Regu

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Banking guide for Importers in India

RBI guidelines which every Importer need to read Foreign Exchange Management Act 1999 (42 of 1999) allows  import of goods and services as per Foreign Exchange Management (Current Account Transaction) Rules, 2000, vide Notification GSR 381E dated 03 rd  May, 2000.  These Regulations are amended from time to time to incorporate the changes in the regulatory framework and published through amendment notifications.  Within the contours of the Regulations, Rese

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Banking process on Import of currencies not having direct exchange rates

  IMPORT OF CURRENCIES NOT HAVING DIRECT EXCHANGE RATE - DIRECTIONS FROM RBI IN INDIA According to Reserve Bank of India update as on 31st May, 2022, the directions on  IMPORT OF CURRENCIES NOT HAVING DIRECT EXCHANGE RATE - DIRECTIONS FROM RBI IN INDIA is given below:  C.16. Settlement of Import transactions in currencies not having a direct exchange rate To further liberalize the procedure and facilitate settlement of import transactions where the invoicing

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Bank process on Import related payment through OPGSPs in India

  OPGSPs - Payments related  to Imports in India   According to Reserve Bank of India update as on 31st May, 2022, the directions on OPGSPs Payments related  to Imports in India  is given below:  C.15. Processing of import related payments through Online Payment Gateway Service Providers (OPGSPs) AD Category-l banks have been permitted to offer facility of payment for imports of goods and software of value not exceeding USD 2,000 by enterin

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