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Manner of payment in foreign exchange

Regulation 5 - Regulation - FEMA - Regulation 5 - 5. : - (1) A payment in foreign exchange by an Authorised Dealer, whether by way of remittance from India or by way of reimbursement to his branch or correspondent outside India against payment for im .....

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edit to Asian Clearing Dollar account and / or Asian Clearing Union Euro account in India of a bank of the member country in which the other party to the transaction is resident or by debit to the Asian Clearing Union Dollar account and / or Asian Cl .....

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yment may be made in any freely convertible currency or through ACU mechanism from Myanmar. (ii) Nepal and Bhutan - Payment may be in Rupees (iii) Islamic Republic of Iran (a) Payment for import of eligible goods and services, in any freely convertib .....

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authorized dealers from time to time in all other cases. (B) All countries other than those mentioned in A above- (i) Payment in rupees from the account of a bank situated in any country other than a member country of the Asian Clearing Union (ii) P .....

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