https://www.taxtmi.com/circulars?id=54551 The Reserve Bank has revised the minimum amount and multiples for receiving and paying in ACU Dollar and ACU Euro accounts, lowering the thresholds for funding or repatriating excess liquidity via the Asian Clearing Union. Authorised Dealer Category I Banks are directed to notify their constituents. The directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and are without prejudice to other statutory permissions or approvals. en-us Thu, 26 May 2016 00:00:00 +0530 Thu, 26 May 2016 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54551 The Reserve Bank has revised the minimum amount and multiples for receiving and paying in ACU Dollar and ACU Euro accounts, lowering the thresholds for funding or repatriating excess liquidity via the Asian Clearing Union. Authorised Dealer Category I Banks are directed to notify their constituents. The directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and are without prejudice to other statutory permissions or approvals. Circulars FEMA Thu, 26 May 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54551