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August 2016

A. P. (DIR Series) Circular No. 81 dated June 30, 2016

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
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Settlement System under Asian Clearing Union (ACU)

This circular states that from July 01, 2016, until further notice, all eligible current account transactions including trade transactions in ‘Euro’ can be settled outside the ACU mechanism.

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