IMPORT FROM SYRIA, FEMA

[RAMESH LALCHAND]

Dear Sirs

I want to import ROCK PHOSPHATE from Syria but my bank tells me they will not make payment to Syria or any other country or currency if origin of goods is Syria because Syria is under sanctions by RBI . I dont think this is true but if there is any circular or notification by RBI please let me know of it

Posts / Replies

[KASTURI SETHI]

It is true.It is a matter of our India's foreign policy. RBI has objection.There may be internal correspondence between banks and RBI. Internal letters are not public documents.

[Devansh Sharma]

Not allowed as Syria is under sanctions