https://www.taxtmi.com/circulars?id=1854 Exports to Nepal where the Nepali importer is permitted to pay in free foreign exchange shall have such payments routed through the Asian Clearing Union (ACU) mechanism; this implements settlement provisions allowing India-Nepal trade in rupees and anticipates consequential amendments to the Memorandum of the ACU. The direction is issued under specified provisions of the Foreign Exchange Management Act, 1999. en-us Thu, 01 Nov 2001 00:00:00 +0530 Fri, 03 Oct 2008 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1854 Exports to Nepal where the Nepali importer is permitted to pay in free foreign exchange shall have such payments routed through the Asian Clearing Union (ACU) mechanism; this implements settlement provisions allowing India-Nepal trade in rupees and anticipates consequential amendments to the Memorandum of the ACU. The direction is issued under specified provisions of the Foreign Exchange Management Act, 1999. Circulars FEMA Thu, 01 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1854