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<h1>Foreign exchange receipts for authorized dealers vary by country under Regulation 3 of FEMA 2016</h1> Regulation 3 of FEMA 2016 governs foreign exchange receipt methods for authorized dealers. For Asian Clearing Union members like Bangladesh, Myanmar, Pakistan, Sri Lanka, and Maldives, receipts occur through ACU Dollar/Euro/Yen accounts or freely convertible currency. Nepal and Bhutan transactions may use Rupees, while Iran transactions require freely convertible currency per Reserve Bank directions. Non-ACU countries use Rupee accounts or freely convertible currency. Export receipts must match final destination currency regardless of buyer's residence. Third-party receipt arrangements are permitted under Reserve Bank guidelines.