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<h1>Manner of receipt and payment: cross border transactions must route through authorised banks with country specific currency rules.</h1> Regulation 3 requires cross border receipts and payments to be made through an Authorised Bank or Authorised Person or by debit/credit to compliant bank accounts, subject to Reserve Bank permission. It distinguishes trade transactions-prescribing settlement in Indian Rupees for Nepal and Bhutan, ACU mechanism or RBI directions for ACU members, and Indian Rupees or foreign currency for other countries and allowing conformity with the Foreign Trade Policy-from non trade transactions, which similarly prescribe Indian Rupees for Nepal and Bhutan (with a Bhutan investment exception) and Indian Rupees or foreign currency for other countries. Current account payments with visitors in India must be in Indian Rupees.