Receipt and payment in rupees to non-residents permitted subject to sale of foreign exchange and account and remittance scheme conditions. Permits receipt in rupees from persons resident outside India and requires foreign currency instruments or notes received abroad to be offered for sale to an authorised dealer or money changer within seven days. Authorises residents to make rupee payments to non-residents for visitor expenses and specified purchases, allows companies to pay non whole-time directors resident abroad for fees and travel subject to corporate and legal requirements, and permits gifts and rupee loans to NRIs/PIOs to be credited to NRO accounts and governed by the Liberalised Remittance Scheme and Regulation 8B respectively.