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of <h1>India-Myanmar land barter trade limited to specified commodities and non-monetary exchange; caps, timelines, and documentation requirements imposed</h1> Barter trade between India and Myanmar is confined to land routes and non-motorised/head-load transport and limited to specified commodities; imports from Myanmar must precede corresponding exports from India, with no monetary consideration and consignments invoiced in US dollars, operative effect: exchange occurs solely in kind. Individual barter exports are capped at US$20,000 per transaction and exports =US$1,000 are exempt from GR form declaration but must be completed within one-two days and reported monthly to the Exchange Control Department, operative effect: simplified treatment for low-value shipments. Imports above US$5,000 require Bill of Entry submission; exports must be completed within six months and duplicate GR with commercial documents furnished within 21 days, operative effect: documentary compliance timeline. Two designated bank branches (UBI Moreh; SBI Champai) must countersign and monitor GR forms, maintain registers and submit monthly certified statements to the Exchange Control Department; transactions are excluded from R-Returns, non-compliance attracts penalties under FEMA.
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