https://www.taxtmi.com/acts?id=21399 Manner of payment in foreign exchange requires Authorised Dealers to follow differentiated rules: ACU member imports (Bangladesh, Myanmar, Pakistan, Sri Lanka, Maldives) must be paid via designated ACU currency accounts or correspondent bank accounts, with other transactions in freely convertible currencies; Nepal and Bhutan payments may be in Rupees; Iran payments in freely convertible currencies or as directed by the Reserve Bank. For other countries payment may be in Rupees from non-ACU bank accounts or in any freely convertible currency. Import payments should match the country of shipment unless Reserve Bank directions provide otherwise; third-party payments are permitted per RBI guidelines. en-us Wed, 11 May 2016 10:56:52 +0530 Fri, 20 Jun 2025 09:53:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21399 Manner of payment in foreign exchange requires Authorised Dealers to follow differentiated rules: ACU member imports (Bangladesh, Myanmar, Pakistan, Sri Lanka, Maldives) must be paid via designated ACU currency accounts or correspondent bank accounts, with other transactions in freely convertible currencies; Nepal and Bhutan payments may be in Rupees; Iran payments in freely convertible currencies or as directed by the Reserve Bank. For other countries payment may be in Rupees from non-ACU bank accounts or in any freely convertible currency. Import payments should match the country of shipment unless Reserve Bank directions provide otherwise; third-party payments are permitted per RBI guidelines. Act-Rules FEMA Wed, 11 May 2016 10:56:52 +0530 https://www.taxtmi.com/acts?id=21399