TMI BlogManner of payment in foreign exchangeX X X X Extracts X X X X X X X X Extracts X X X X ..... f reimbursement to his branch or correspondent outside India 2 [***] against payment for import into India, or against any other payment, shall be as mentioned below: Group Manner of payment (1) member countries of Asian Clearing Union 4 [(except Nepal, Bhutan and Islamic Republic of Iran)] namely, 5 [Bangladesh,] Myanmar, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lic of Iran (a) Payment for all eligible current transactions, in any permitted currency and in accordance with the directions issued by the Reserve Bank to the authorized dealers from time to time; and (b) Payment in any permitted currency in all other cases.] 9 [(2) All countries other than those mentioned in (1), (1A) and (1B)] (a) p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rency appropriate to the country of shipment of goods. 12 [ (c) Any other mode of payment in accordance with the directions issued by the Reserve Bank of India to authorised dealers from time to time.] 11 [(3) Authorized Dealer Category-1 (AD Category-1) banks have been permitted to allow payments to be made for import of goods/software to a Third party (a party other than the sup ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gladesh, Islamic Republic of Iran, 6. Substituted vide NOTIFICATION No. 257/2013-RB February 15, 2013 w.e.f. 30th day of October 2009 before it was read as, Pakistan and Sri Lanka 7. Substituted vide NOTIFICATION No. 257/2013-RB February 15, 2013 w.e.f. 26th day of December 2008 before it was read as, Asian Clearing Union dollar account , 8. Inserted vide NOTIFICAT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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