Foreign exchange receipt rules require specified currency routes, destination-based currency reception, and RBI-directed alternative modes. Regulation 3 requires authorised dealers to accept foreign exchange by country group: ACU-member receipts routed through ACU dollar or euro accounts for eligible current transactions or in permitted currency otherwise; Nepal, Bhutan and Iran follow specified special procedures or RBI directions; other countries permit rupee receipts from overseas bank accounts or any permitted currency. Export proceeds must be received in a currency appropriate to the declared place of final destination, alternative RBI-directed modes are permitted, and AD Category-1 banks may accept third-party export payments subject to declared details and RBI conditions.
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.
Foreign exchange receipt rules require specified currency routes, destination-based currency reception, and RBI-directed alternative modes.
Regulation 3 requires authorised dealers to accept foreign exchange by country group: ACU-member receipts routed through ACU dollar or euro accounts for eligible current transactions or in permitted currency otherwise; Nepal, Bhutan and Iran follow specified special procedures or RBI directions; other countries permit rupee receipts from overseas bank accounts or any permitted currency. Export proceeds must be received in a currency appropriate to the declared place of final destination, alternative RBI-directed modes are permitted, and AD Category-1 banks may accept third-party export payments subject to declared details and RBI conditions.
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