https://www.taxtmi.com/circulars?id=1826 Barter trade with Myanmar operates as a non-monetary, land-route exchange limited to specified commodities, requiring imports to precede exports and invoicing in U.S. dollars. Designated bank branches must countersign GR forms, verify import evidence, maintain prescribed registers and send certified monthly statements to the Reserve Bank's Exchange Control Department; on completion they must surrender duplicate GR forms with import evidence. Small-value export transactions receive simplified declaration treatment but must be completed quickly and are reported by customs. Transactions are excluded from R Returns and are governed by the Foreign Exchange Management Act. en-us Mon, 16 Oct 2000 00:00:00 +0530 Wed, 18 Feb 2026 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1826 Barter trade with Myanmar operates as a non-monetary, land-route exchange limited to specified commodities, requiring imports to precede exports and invoicing in U.S. dollars. Designated bank branches must countersign GR forms, verify import evidence, maintain prescribed registers and send certified monthly statements to the Reserve Bank's Exchange Control Department; on completion they must surrender duplicate GR forms with import evidence. Small-value export transactions receive simplified declaration treatment but must be completed quickly and are reported by customs. Transactions are excluded from R Returns and are governed by the Foreign Exchange Management Act. Circulars FEMA Mon, 16 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1826