ACU payment eligibility limited to export and import transactions; other payments excluded except by mutual agreement. ACU settlement is limited to payments for export/import transactions between ACU member countries, including deferred payment terms; transactions not on account of such export/import trade are ineligible for ACU settlement except to the extent mutually agreed between the Reserve Bank and other participants, and trade with Myanmar may be settled in any freely convertible currency.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
ACU payment eligibility limited to export and import transactions; other payments excluded except by mutual agreement.
ACU settlement is limited to payments for export/import transactions between ACU member countries, including deferred payment terms; transactions not on account of such export/import trade are ineligible for ACU settlement except to the extent mutually agreed between the Reserve Bank and other participants, and trade with Myanmar may be settled in any freely convertible currency.
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