Indo-Myanmar Trade – Relaxation from ACU Mechanism

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Full Text of the Document

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....on of Authorised Dealer (AD) banks is invited to Regulations 3 and 5 of Notification No.FEMA.14/2000-RB dated May 3, 2000 read with items 7(b) and 7(e) of the Memorandum of Procedure for channelling transaction through Asian Clearing Union (ACU) in terms of which, all current account transactions as defined by the Articles of Agreement of the Iternational Monetary Fund and export / import transact....