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Foreign Exchange Management (Manner of Receipt and Payment) (Amendment) Regulations, 2019 - FEMA 14(R)/(1)/2019-RB - Foreign Exchange Management

Extract

..... FEMA 14(R)/2016-RB dated May 02, 2016) (hereinafter referred to as 'the Principal Regulations'), namely:- 1. Short title and commencement. (i) These Regulations may be called the Foreign Exchange Management (Manner of Receipt and Payment) (Amendment) Regulations, 2019. (ii) They shall come into effect from the date of their publication in the Official Gazette. 2. In the Principal Regulations: (a) in regulation 2, after clause (iv), the following new clause shall be inserted, namely, :- ( .....

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Foreign Exchange Management (Manner of Receipt and Payment) (Amendment) Regulations, 2019 - FEMA 14(R)/(1)/2019-RB - Foreign Exchange Management

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..... on (2), after clause (iii), the following new clauses shall be inserted, namely: “(iv) by credit to SNRR account maintained by a person resident outside India (overseas seller) with an Authorised Dealer or an Authorised Bank in India for imports into India, as specified in Foreign Exchange Management (Deposit) Regulations, 2016. (v) in rupees to SNRR account of the person resident outside India after ensuring that the underlying transactions are in conformity with the provisions of the For .....

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Foreign Exchange Management (Manner of Receipt and Payment) (Amendment) Regulations, 2019 - FEMA 14(R)/(1)/2019-RB - Foreign Exchange Management

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