Manner of Receipt in Foreign Exchange

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..... 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 debit to the ACU Dollar account and .....

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..... nk 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 authorized dealers from time to time. (b) Receipt in any freely convertible cur .....

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..... 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 Notification No. FEMA 14(R)/(2)/2020-RB dated 04-03-2020 before it was read as Members of the Asian Clearing Union 2. Substitut .....

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