Manner of receipt and payment rules expanded to include new country groups and payment mechanisms, altering permitted currency flows. Amendments adjust country groupings and table entries governing the manner of receipt and payment of foreign exchange, add Group 1A for Nepal and Bhutan and Group 1B for the Islamic Republic of Iran with specified payment rules, substitute country lists in the principal Regulation, include the Asian Clearing Union euro account alongside the dollar account, allow payments for Iran in any permitted currency subject to authorised dealers' directions for current transactions, and give specified retrospective effect without adversely affecting persons.
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Provisions expressly mentioned in the judgment/order text.
Manner of receipt and payment rules expanded to include new country groups and payment mechanisms, altering permitted currency flows.
Amendments adjust country groupings and table entries governing the manner of receipt and payment of foreign exchange, add Group 1A for Nepal and Bhutan and Group 1B for the Islamic Republic of Iran with specified payment rules, substitute country lists in the principal Regulation, include the Asian Clearing Union euro account alongside the dollar account, allow payments for Iran in any permitted currency subject to authorised dealers' directions for current transactions, and give specified retrospective effect without adversely affecting persons.
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