https://www.taxtmi.com/circulars?id=7959 Revised procedure requires AD Category I banks to channel eligible current international transactions through ACU using distinct ACU Dollar and ACU Euro accounts, treating such transactions like other foreign exchange business. RBI facilitates funding and repatriation by receiving/delivering US Dollar and Euro to/from AD Category I banks only upon confirmation of corresponding credits to RBI's correspondent accounts; AD Category I banks must remit/deliver amounts on the value date and face penal interest for defaults. All ACU operations remain subject to FEMA regulations and the Memorandum's procedural and documentation requirements. en-us Wed, 17 Feb 2010 00:00:00 +0530 Wed, 11 Feb 2026 15:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7959 Revised procedure requires AD Category I banks to channel eligible current international transactions through ACU using distinct ACU Dollar and ACU Euro accounts, treating such transactions like other foreign exchange business. RBI facilitates funding and repatriation by receiving/delivering US Dollar and Euro to/from AD Category I banks only upon confirmation of corresponding credits to RBI's correspondent accounts; AD Category I banks must remit/deliver amounts on the value date and face penal interest for defaults. All ACU operations remain subject to FEMA regulations and the Memorandum's procedural and documentation requirements. Circulars FEMA Wed, 17 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7959