Manner of Receipt and Payment

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Full Text of the Document

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....d in the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023, as amended from time to time. (2) An Authorised Dealer shall make a credit or debit to the account of an exporter or an importer, for receipt of export or payment for import, only after having satisfied itself of the genuineness of the transaction, and shall, simultaneously close or update the....