https://www.taxtmi.com/circulars?id=8449 Payments for import of oil or gas shall be settled in any permitted currency outside the ACU mechanism, with necessary amendments to the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2000 to be issued; Authorised Dealer banks are to notify constituents and the directions are issued under sections 10(4) and 11(1) of the foreign exchange statute. en-us Thu, 23 Dec 2010 00:00:00 +0530 Fri, 24 Dec 2010 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8449 Payments for import of oil or gas shall be settled in any permitted currency outside the ACU mechanism, with necessary amendments to the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2000 to be issued; Authorised Dealer banks are to notify constituents and the directions are issued under sections 10(4) and 11(1) of the foreign exchange statute. Circulars FEMA Thu, 23 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8449