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Manner of Receipt in Foreign Exchange

Regulation 3 - Regulation - FEMA - Regulation 3 - 3. : - (1) Every receipt in foreign exchange by an authorized dealer, whether by way of remittance from a foreign country or by way of reimbursement from his branch or correspondent outside India agai .....

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d services by debit to the Asian Clearing Union Dollar account and / or Asian Clearing Union Euro account in India of a bank of the member country in which the other party to the transaction is resident or by credit to the Asian Clearing Union Dollar .....

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rom India to Myanmar, payment may be received in any freely convertible currency or through ACU mechanism from Myanmar. (ii) Nepal and Bhutan - (a) Receipt may be in Rupees (b) Receipts for export of goods to Nepal may be made in free foreign exchang .....

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rt of eligible goods and services, in any freely convertible currency and / or in accordance with the directions issued by the Reserve Bank to the authorized dealers from time to time. (b) Receipt in any freely convertible currency and / or in accord .....

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