Export payment methods may include foreign currency instruments, FCNR/NRE debits, rupee card receipts, Exchange House settlements. Regulation 4 permits receipt of export payments by exporters in specified forms: foreign currency instruments from visiting buyers surrendered to the exporter's authorised dealer; debit to buyer's FCNR/NRE account with an authorised dealer or authorised bank in India; rupee payments from the credit card servicing bank against a buyer-signed charge slip; rupee receipts from an Exchange House account with an authorised dealer subject to a per-transaction limit; payments under Reserve Bank directions for government or Exim Bank credit arrangements; and, for certain Gem & Jewellery units, settlement in precious metals where the sale contract and GR/SDF/PP declarations permit.
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.
Export payment methods may include foreign currency instruments, FCNR/NRE debits, rupee card receipts, Exchange House settlements.
Regulation 4 permits receipt of export payments by exporters in specified forms: foreign currency instruments from visiting buyers surrendered to the exporter's authorised dealer; debit to buyer's FCNR/NRE account with an authorised dealer or authorised bank in India; rupee payments from the credit card servicing bank against a buyer-signed charge slip; rupee receipts from an Exchange House account with an authorised dealer subject to a per-transaction limit; payments under Reserve Bank directions for government or Exim Bank credit arrangements; and, for certain Gem & Jewellery units, settlement in precious metals where the sale contract and GR/SDF/PP declarations permit.
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