🎴 Flashcard Mode
Foreign Exchange Management (Import of Goods and Services) Regulations, 2000
Card1 / 15
Mastered0
Review0
QuestionClick to flip
Which of the following is not a valid mode of payment for imports under the Foreign Exchange Management (Import of Goods and Services) Regulations, 2000?
AnswerClick to flip back
A
Cash
💡 Explanation:
Cash is not a valid mode of payment for imports under the Foreign Exchange Management (Import of Goods and Services) Regulations, 2000. Authorized dealers are not permitted to accept cash payments for imports.