Asian Clearing Union transfers enable receipt and payment for eligible exports and imports through designated ACU currency accounts. Amendments specify that transactions with Members of Asian Clearing Union (ACU) - receipts for eligible exports and payments for eligible imports - may be effected through ACU Dollar, ACU Euro or ACU Japanese Yen accounts in India of a bank in the member country where the other party resides, or through corresponding ACU accounts of an authorized dealer maintained with its correspondent bank in that member country.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Asian Clearing Union transfers enable receipt and payment for eligible exports and imports through designated ACU currency accounts.
Amendments specify that transactions with Members of Asian Clearing Union (ACU) - receipts for eligible exports and payments for eligible imports - may be effected through ACU Dollar, ACU Euro or ACU Japanese Yen accounts in India of a bank in the member country where the other party resides, or through corresponding ACU accounts of an authorized dealer maintained with its correspondent bank in that member country.
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