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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Exporters can receive payment through bank drafts, foreign currency, credit cards, and precious metals under FEMA Regulation 4</h1> Under FEMA Regulation 4, exporters may receive payment through alternative methods beyond standard regulations. Acceptable forms include bank drafts, cheques, or foreign currency notes from visiting buyers (requiring surrender to authorized dealers), debits from buyer's FCNR/NRE accounts with Indian banks, rupee payments from credit card servicing banks, payments from Exchange House rupee accounts up to five lakh rupees per transaction, payments under government arrangements or credit facilities through designated banks, and precious metals equivalent to exported jewelry value for units in Special Economic Zones and Export Oriented Units when contractually specified.
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