Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016
Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016
Permitted modes of export receipts under FEMA include bank instruments, card payments, authorised accounts, arrangements, and precious metals. Regulation 4 sets out permitted modes for export and related receipts: bank instruments and foreign currency surrendered to authorised dealers, debit to ... Summary
Permitted modes of export receipts under FEMA include bank instruments, card payments, authorised accounts, arrangements, and precious metals.
Regulation 4 sets out permitted modes for export and related receipts: bank instruments and foreign currency surrendered to authorised dealers, debit to FCNR/NRE/SNRR accounts of non resident buyers, rupee payments via credit card servicing banks on signed charge slips, rupee receipts from Exchange House accounts within prescribed limits, receipts under Reserve Bank directed government or Exim Bank arrangements, and, where contractually provided and declared in EDF, payment in precious metals by eligible SEZ and EOU units; postal orders from abroad and rupee receipts from SNRR accounts are also allowed subject to FEMA compliance.
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