https://www.taxtmi.com/acts?id=21397 Regulation 3 prescribes authorised modes and currencies for receipt of foreign exchange: ACU member transactions may be settled via specified ACU currency accounts or in freely convertible currency; Nepal and Bhutan may receive receipts in rupees (with limited free foreign exchange for Nepal outside ACU); Iran receipts follow freely convertible currency or Reserve Bank directions. For other countries receipts may be in rupees from a foreign bank account or in any freely convertible currency. Export receipts should be in the currency appropriate to the place of final destination, and authorised dealers may accept third party payments as per RBI guidelines. en-us Wed, 11 May 2016 10:56:07 +0530 Thu, 19 Jun 2025 18:19:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21397 Regulation 3 prescribes authorised modes and currencies for receipt of foreign exchange: ACU member transactions may be settled via specified ACU currency accounts or in freely convertible currency; Nepal and Bhutan may receive receipts in rupees (with limited free foreign exchange for Nepal outside ACU); Iran receipts follow freely convertible currency or Reserve Bank directions. For other countries receipts may be in rupees from a foreign bank account or in any freely convertible currency. Export receipts should be in the currency appropriate to the place of final destination, and authorised dealers may accept third party payments as per RBI guidelines. Act-Rules FEMA Wed, 11 May 2016 10:56:07 +0530 https://www.taxtmi.com/acts?id=21397