FOREIGN EXCHANGE MANAGEMENT (MANNER OF RECEIPT AND PAYMENT) REGULATIONS, 2000Foreign Exchange Management (Manner of Receipt And Payment) Regulations, 2000
FOREIGN EXCHANGE MANAGEMENT (MANNER OF RECEIPT AND PAYMENT) REGULATIONS, 2000Foreign Exchange Management (Manner of Receipt And Payment) Regulations, 2000
Export payment methods may include foreign currency instruments, FCNR/NRE debits, rupee card receipts, Exchange House settlements. Regulation 4 permits receipt of export payments by exporters in specified forms: foreign currency instruments from visiting buyers surrendered to the ... Summary
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Export payment methods may include foreign currency instruments, FCNR/NRE debits, rupee card receipts, Exchange House settlements.
Regulation 4 permits receipt of export payments by exporters in specified forms: foreign currency instruments from visiting buyers surrendered to the exporter's authorised dealer; debit to buyer's FCNR/NRE account with an authorised dealer or authorised bank in India; rupee payments from the credit card servicing bank against a buyer-signed charge slip; rupee receipts from an Exchange House account with an authorised dealer subject to a per-transaction limit; payments under Reserve Bank directions for government or Exim Bank credit arrangements; and, for certain Gem & Jewellery units, settlement in precious metals where the sale contract and GR/SDF/PP declarations permit.
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