https://www.taxtmi.com/forum/issue?id=115986 An exporter reports UCO Bank refusing to process payment for chemical exports to Iran, with the bank and treasury officer advising against further dealings and declining written assurance; the exporter seeks confirmation whether US-related sanctions apply to Indian transactions and documentary proof. The respondent states international and United States sanctions on Iran are operative, attributing the banking refusal to those sanctions and noting a writ petition is available but unlikely to secure payment, citing a government trade link for sanctions guidance. en-us Thu, 06 Feb 2020 13:45:43 +0530 Thu, 23 Jan 2025 15:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115986 An exporter reports UCO Bank refusing to process payment for chemical exports to Iran, with the bank and treasury officer advising against further dealings and declining written assurance; the exporter seeks confirmation whether US-related sanctions apply to Indian transactions and documentary proof. The respondent states international and United States sanctions on Iran are operative, attributing the banking refusal to those sanctions and noting a writ petition is available but unlikely to secure payment, citing a government trade link for sanctions guidance. Discussion-Forum Customs Thu, 06 Feb 2020 13:45:43 +0530 https://www.taxtmi.com/forum/issue?id=115986