Manner of Payment in Foreign Exchange

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....ia or by way of reimbursement to his branch or correspondent outside India against payment for import into India, or against any other payment, shall be as mentioned below : (A) ^1[Members of Asian Clearing Union (ACU)] (i) Bangladesh, Myanmar, Pakistan, Sri Lanka & Republic of Maldives - (a) ^2[Payment for import of eligible goods and services by credit to ACU Doll....

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....ncy and / or in accordance with the directions issued by the Reserve Bank to the authorized dealers from time to time. (b) Payment in any freely convertible currency and / or in accordance with the directions issued by the Reserve Bank to the authorized dealers from time to time in all other cases. (B) All countries other than those mentioned in A above- (i) Payment in r....

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....d Dealers have been permitted to allow payments for import of goods/ software to be made to a Third Party (a party other than the supplier) as per the guidelines issued by the Reserve Bank.     ****************** NOTES:- 1. Substituted vide Notification No. FEMA 14(R)/(2)/2020-RB dated 04-03-2020, w.e.f. 04-03-2020 before it was read as, "Members o....