Manner of Receipt in Foreign Exchange

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....a foreign country ^3[***] or by way of reimbursement from his branch or correspondent outside India against payment for export from India, or against any other payment, shall be as mentioned below: Group Manner of receipt of foreign exchange (1). member countries in the Asian Clearing Union ^5[(except Nepal, Bhutan and Islamic Republic of Iran)] namely, ^6[Bangladesh,] Myanmar, ^7[Pakista....

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....mitted currency and in accordance with the directions issued by the Reserve Bank to the authorized dealers from time to time; and (b) Payment in any permitted currency in all other cases.] ^10[(2) All countries other than those mentioned in (1), (1A) and (1B)] a) payment in rupees from the account of a bank situated in any country other than a member country of Asian Clearing Union or ^11....

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....ved from a Third party (a party other than the buyer) provided, the details of the Third party through which the export proceeds are being realized, have been duly declared by the exporter in the appropriate export declaration form and certain other conditions as stipulated by Reserve Bank of India.]     *************** NOTES:- 1. Inserted vide Notification No.....

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.... Substituted vide Notification No. 257/2013-RB 15-02-2013, w.e.f. 30-10-2009 before it was read as, "Pakistan and Sri Lanka". 8. Substituted vide Notification No. 257/2013-RB 15-02-2013, w.e.f. 26-12-2008 before it was read as, "Asian Clearing Union dollar account". 9. Inserted vide Notification No. 257/2013-RB 15-02-2013, w.e.f. 27-12-2010.....