TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of Following a November 2024 MoU between RBI and Maldives Monetary Authority, bilateral trade transactions between India and Maldives may now be settled in Indian Rupee (INR) and/or Maldivian Rufiyaa (MVR) in addition to the existing Asian Clearing Union (ACU) mechanism. This regulatory amendment, issued under FEMA SSSS10(4) and 11(1), modifies the Foreign Exchange Management Regulations 2023 regarding payment methods between ACU member countries. The directive, effective immediately, establishes a framework promoting local currency usage for cross-border transactions while maintaining the ACU settlement option that was previously available.
TaxTMI 
TaxTMI 
