Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
RBI amended the Foreign Exchange Management (Manner of Receipt and Payment) Regulations 2023 through notification FEMA 14(R)(1)/2025-RB. The amendment modifies Regulation 3(2)(I)(a)(ii) regarding payments between ACU member countries. Under the revised provision, transactions between residents of ACU participant countries must be conducted through the ACU mechanism or as per RBI directions to authorized dealers. For transactions with ACU members except Nepal and Bhutan, payments shall follow the specified manner for other transactions. The amendment aims to streamline cross-border payment mechanisms within ACU member territories while maintaining regulatory oversight of foreign exchange transactions. The regulations take effect upon official gazette publication.
RBI amended the Foreign Exchange Management (Manner of Receipt and Payment) Regulations 2023 through notification FEMA 14(R)(1)/2025-RB. The amendment modifies Regulation 3(2)(I)(a)(ii) regarding payments between ACU member countries. Under the revised provision, transactions between residents of ACU participant countries must be conducted through the ACU mechanism or as per RBI directions to authorized dealers. For transactions with ACU members except Nepal and Bhutan, payments shall follow the specified manner for other transactions. The amendment aims to streamline cross-border payment mechanisms within ACU member territories while maintaining regulatory oversight of foreign exchange transactions. The regulations take effect upon official gazette publication.
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