Manner of Receipt in Foreign Exchange

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.... a foreign country 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: (A) ^1[Members of Asian Clearing Union (ACU)] (i) Bangladesh, Myanmar, Pakistan, Sri Lanka & Republic of Maldives - a) ^2[Receipt for export of eligible goods and services by de....

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....r resident in Nepal has been permitted by the Nepal Rashtra Bank to make payment in free foreign exchange. However such receipts shall not be routed through the ACU mechanism. (iii) Islamic Republic of Iran (a) Receipt for export of eligible goods and services, in any freely convertible currency and / or in accordance with the directions issued by the Reserve Bank to the authoriz....

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....he directions issued by the Reserve Bank of India to authorized dealers from time to time. (3) Authorised dealers have been permitted to allow receipts for export of goods/ software to be received from a Third party (a party other than the buyer) as per the guidelines issued by the Reserve Bank.     **************** NOTES:- 1. Substituted vide Notifica....