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Manner of Receipts in certain cases

Regulation 4 - FEMA - Regulation 4 - 4. : - (1) Notwithstanding anything contained in Regulation 3, receipt for export may also be made by the exporter as under, namely : (i) in the form of a bank draft, cheque, pay order, foreign currency notes/ travelers cheque from a buyer during his visit to India, provided the foreign currency so received is surrendered within the specified period to the authorized dealer of which the exporter is a customer ; (ii) by debit to FCNR/ NRE account maintained by .....

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