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Switching from Barter Trade to Normal Trade at the Indo-Myanmar Border

FEMA - 26 - Dated:- 5-11-2015 - RBI/2015-16/230 A. P. (DIR Series) Circular No. 26 November 05, 2015 To All Authorised Dealers in Foreign Exchange Madam / Sir, Attention of the Authorised Dealers is invited to A.D. (G.P. Series) Circular No.8 dated M .....

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e Notification No. FEMA 14/2000-RB dated May 3, 2000 [viz. Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2000] as amended from time to time, the trade transactions with Myanmar may be settled in any permitted currency in ad .....

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ed in the trade statistics. However, over a period of time the trade basket has diversified and adequate banking presence is in place to support normal trade with Myanmar. 3. It has, therefore, been decided, in consultation with Government of India, .....

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