https://www.taxtmi.com/manuals?id=4126 Counter-trade arrangements allow adjustment of import and export values through an Escrow Account in US Dollars provided transactions are at international prices and compliant with the Foreign Trade Policy and FEMA; no interest is payable on escrow balances though short-term deposits up to three months per year are permitted, no credit facilities may be granted against balances, applications must be made via AD Category I banks to the Reserve Bank, and opening is permissible under Regulation 7(4) of FEM (Deposit) Regulation, 2016. en-us Mon, 25 Dec 2023 14:08:00 +0530 Fri, 20 Feb 2026 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4126 Counter-trade arrangements allow adjustment of import and export values through an Escrow Account in US Dollars provided transactions are at international prices and compliant with the Foreign Trade Policy and FEMA; no interest is payable on escrow balances though short-term deposits up to three months per year are permitted, no credit facilities may be granted against balances, applications must be made via AD Category I banks to the Reserve Bank, and opening is permissible under Regulation 7(4) of FEM (Deposit) Regulation, 2016. Manuals FEMA Mon, 25 Dec 2023 14:08:00 +0530 https://www.taxtmi.com/manuals?id=4126