https://www.taxtmi.com/forum/issue?id=114710 Import of urea from Iran to Indian manufacturers is allowed, including via UAE with Iran as the country of origin. Imports under an Advance License are feasible. Trade settlement and documentary processing must occur through designated banks under the rupee mechanism: UCO Bank is primarily authorised to open LCs and accept documents, while IndusInd Bank can also facilitate certain foreign currency settlements. Prepayment through UAE is possible but may not close in IDPMS and may require RBI third party procedures and bank disclosures. en-us Mon, 04 Mar 2019 09:46:50 +0530 Thu, 23 Jan 2025 15:55:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114710 Import of urea from Iran to Indian manufacturers is allowed, including via UAE with Iran as the country of origin. Imports under an Advance License are feasible. Trade settlement and documentary processing must occur through designated banks under the rupee mechanism: UCO Bank is primarily authorised to open LCs and accept documents, while IndusInd Bank can also facilitate certain foreign currency settlements. Prepayment through UAE is possible but may not close in IDPMS and may require RBI third party procedures and bank disclosures. Discussion-Forum Customs Mon, 04 Mar 2019 09:46:50 +0530 https://www.taxtmi.com/forum/issue?id=114710