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TMI BlogManner of payment in foreign exchangeX X X X Extracts X X X X X X X X Extracts X X X X ..... ement 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, 6 [Pakistan, Sri Lanka and Republic of Maldives] /9a) Payment for all eligible curren ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... om 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) payment in rupees to the account of a resident of any country other than a member country of Asian Clearing Union or 10 [Nepal or Bhutan or Islamic Republic of Iran]; or (b) payment in any permitted currency 1 (1A) In respect of imports into Ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ort of goods/software to a Third party (a party other than the supplier) subject to conditions as stipulated by Reserve Bank of India.] ************************* Note : 1. Has been inserted vide Notification No. 128/2005 dated 11/1/2005 2. Omitted vide NOTIFICATION No. 257/2013-RB February 15, 2013 w.e.f. 27th day of December 2010 , before it was read as, (other than Nepal and Bhutan) 3. Substitut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 2013 w.e.f. 27th day of December 2010 9. Substituted vide NOTIFICATION No. 257/2013-RB February 15, 2013 w.e.f. 27th day of December 2010 before it was read as, (2) All countries other than those mentioned in (1) , 10. Substituted vide NOTIFICATION No. 257/2013-RB February 15, 2013 w.e.f. 27th day of December 2010 before it was read as, Nepal or Bhutan , 11. Inserted vide Not.318/RB-2014 - Dated ..... X X X X Extracts X X X X X X X X Extracts X X X X
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