ONLINE PAYMENT GATEWAY SERVICE PROVIDERS (OPGSP). REF: FEPD CIRCULAR NO. 08 DATED 07.08.2012.

Declaration on Form C for inward remittance repatriated through OPGSPs (Online Payment Gateway Service Providers) will no longer be required. However, ADs shall report the transactions to BB in monthly returns mentioning appropriate code in the relevant schedule. All other terms & conditions stipulated in FEPD CIRCULAR NO. 15 DATED 07.08.2011 shall remain unchanged.

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