Counter-Trade Arrangements with Romania

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..... authorised dealers is invited to item C of Regulation 14 of the Reserve Bank Notification No. FEMA. 23/2000-RB dated May 3, 2000, stipulating that prior approval of the Reserve Bank is required for any arrangement involving adjustment of value of goods imported into India against value of goods exported from India. 2. It has now been decided to allow counter-trade arrangements between Indian an .....

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..... ed. 4. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999). Any contravention or non-observance of these directions is subject to the penalties prescribed under the Act. Yours faithfully, K. RAMASUBRAMANIAN Officer-in-Charge - Circular - Trade Notice - Public Notice - Instructions - .....

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