https://www.taxtmi.com/acts?id=42015 Cross-border receipts and payments by persons resident in India must ordinarily be made through an Authorised Bank or Authorised Person, unless another permitted manner applies. Trade with Nepal and Bhutan is generally settled in Indian Rupees, subject to permitted foreign-currency export receipts from Nepal. Transactions involving participating Asian Clearing Union countries follow the ACU mechanism or applicable directions, while other transactions may use Indian Rupees or foreign currency. Non-trade transactions with Nepal and Bhutan are generally in Indian Rupees, subject to foreign-currency payment for overseas investment in Bhutan. en-us Fri, 22 Dec 2023 16:09:22 +0530 Mon, 07 Sep 2026 15:45:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=42015 Cross-border receipts and payments by persons resident in India must ordinarily be made through an Authorised Bank or Authorised Person, unless another permitted manner applies. Trade with Nepal and Bhutan is generally settled in Indian Rupees, subject to permitted foreign-currency export receipts from Nepal. Transactions involving participating Asian Clearing Union countries follow the ACU mechanism or applicable directions, while other transactions may use Indian Rupees or foreign currency. Non-trade transactions with Nepal and Bhutan are generally in Indian Rupees, subject to foreign-currency payment for overseas investment in Bhutan. Act-Rules FEMA Fri, 22 Dec 2023 16:09:22 +0530 https://www.taxtmi.com/acts?id=42015