Foreign Exchange regulation: new manner of receipt and payment rules supersede prior notification and commence on gazette publication. The Reserve Bank of India issues the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023, prescribing the manner of receipt and payment of foreign exchange and asserting that the new regulations supersede the prior notification on the subject, with the regulations to come into force upon publication in the Official Gazette.
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Foreign Exchange regulation: new manner of receipt and payment rules supersede prior notification and commence on gazette publication.
The Reserve Bank of India issues the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023, prescribing the manner of receipt and payment of foreign exchange and asserting that the new regulations supersede the prior notification on the subject, with the regulations to come into force upon publication in the Official Gazette.
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