https://www.taxtmi.com/acts?id=2321 Regulation 5 requires authorised dealers to effect payments for imports and other transactions via Asian Clearing Union dollar or euro accounts for ACU members or in any permitted currency; Nepal and Bhutan follow a FEMA notification; Iran follows permitted currencies and RBI directions. For all other countries, payments may be in rupees to a resident's account or in any permitted currency. The regulation also permits specified payment arrangements for Myanmar, shipment-country based currency rules, RBI directed alternative modes, and third party import payments by AD Category 1 banks subject to RBI conditions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 20 Jun 2025 15:22:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2321 Regulation 5 requires authorised dealers to effect payments for imports and other transactions via Asian Clearing Union dollar or euro accounts for ACU members or in any permitted currency; Nepal and Bhutan follow a FEMA notification; Iran follows permitted currencies and RBI directions. For all other countries, payments may be in rupees to a resident's account or in any permitted currency. The regulation also permits specified payment arrangements for Myanmar, shipment-country based currency rules, RBI directed alternative modes, and third party import payments by AD Category 1 banks subject to RBI conditions. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2321