The International Financial Services Centres Authority vide notification dated July 5, 2023 has provided clarification to entities remitting the fee to International Financial Services Centres Authority in INR. The RBI reference rate applicable to such payment of fees for the date on which the remittance is being made will be applicable.
The RBI reference rate is available at https://www.rbi.org.in/scripts/ReferenceRateArchive.aspx.
This circular marks a transformative shift in how importers, exporters, and Partner Government Agencies (PGAs) interact for No Objection Certificate (NOC) processing and EXIM documentation.
This directive comes following a major judicial decision delivered by the Hon’ble High Court at Calcutta in September 2025.
NSE has issue investor advisory after receiving reports about an individual allegedly offering illegal stock market tips and promising assured returns.
The Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA)—significantly strengthen international cooperation and ensure taxpayers declare their global income accurately.
