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 Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Updates Foreign Exchange Rules for Asian Clearing Union Transactions; Introduces ACU Dollar, Euro, Yen Accounts.</h1> The Reserve Bank of India issued the Foreign Exchange Management (Manner of Receipt and Payment) (Second Amendment) Regulations, 2020, effective upon publication in the official Gazette. These amendments modify the 2016 regulations, specifically addressing transactions involving members of the Asian Clearing Union (ACU). Changes include provisions for receipt and payment for export and import of eligible goods and services through ACU Dollar, Euro, and Japanese Yen accounts. These accounts are maintained by banks in the member countries involved in the transactions. The amendments aim to streamline foreign exchange transactions within the ACU framework.
TaxTMI 
TaxTMI 
