Around FEB 2010, Indian Reserve Bank has brought in a new law for mechants who pay via PayPal for their exports, when doing a payment via PayPal, the user has to enter an additional field called “Export Type”.
I guess this additional field called Export Type will help the RBI in keeping better records of the flow of exports from the country.
I am not sure as to who will be benfited with this move, will this help governments in better auditing the flow of money and Goods???