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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
