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of <h1>Transactions with Asian Clearing Union countries must follow Notification FEMA 14 (R) and remain distinct from SNRR arrangements.</h1> Trade transactions with Asian Clearing Union (ACU) countries are regulated by specific provisions under Notification FEMA 14 (R). These transactions must adhere to the ACU mechanism or as specified in the regulations, ensuring they remain distinct from other arrangements like Special Non-Resident Rupee Accounts (SNRR). Transactions with ACU countries are to be settled according to current instructions and kept separate from the SNRR framework.
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