9911796707
TMI BlogManner of Receipt in Foreign ExchangeX X X X Extracts X X X X X X X X Extracts X X X X ..... *] 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 [ Pakistan, Sri Lanka and Republic o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tions 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 [ Nepal or Bhutan or Islamic Republic of Iran ]; or b) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ils 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.] ************************* Note : 1. Has been inserted vide Notification No. 128/2005 dated 11/1/2005 2. Inserted vide Notification No. 274/2013-RB April 26, 2013 3. Omitt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7/2013-RB February 15, 2013 w.e.f. 26 ' day of December 2008 , before it was read as, Asian Clearing Union dollar account . 9. Inserted vide NOTIFICATION No. 257/2013-RB February 15, 2013 w.e.f. 27 ' day of December 2010 , 10. Substituted vide NOTIFICATION No. 257/2013-RB February 15, 2013 w.e.f. 27 ' day of December 2010 , before it was read as, (2) All countries other than those ment ..... X X X X Extracts X X X X X X X X Extracts X X X X
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