https://www.taxtmi.com/circulars?id=63536 ACU settlement mechanism now includes ACU Dollar, ACU Euro and ACU Yen, effective March 6, 2020; participants may settle transactions in any of these units and AD Category I banks may open and maintain corresponding ACU Dollar, ACU Euro and ACU Japanese Yen accounts with correspondent banks to settle eligible payments, pursuant to amendments to the Foreign Exchange Management (Manner of Receipt and Payment) Regulations and an amended Memorandum of Procedure for channelling ACU transactions. en-us Tue, 17 Mar 2020 00:00:00 +0530 Wed, 18 Mar 2020 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63536 ACU settlement mechanism now includes ACU Dollar, ACU Euro and ACU Yen, effective March 6, 2020; participants may settle transactions in any of these units and AD Category I banks may open and maintain corresponding ACU Dollar, ACU Euro and ACU Japanese Yen accounts with correspondent banks to settle eligible payments, pursuant to amendments to the Foreign Exchange Management (Manner of Receipt and Payment) Regulations and an amended Memorandum of Procedure for channelling ACU transactions. Circulars FEMA Tue, 17 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63536