Counter-Trade Arrangements with Romania

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..... ed 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 and Romanian parties in which e .....

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