What is FEMA in Export Business? 🚢 . If your export client pays you in dollars or euros, do NOT ignore this rule. If you’re receiving payments in foreign currency, FEMA compliance is something every exporter must understand. We’re talking about FEMA – Foreign Exchange Management Act, 1999, which regulates how foreign currency payments are received and managed in India. The main objective of FEMA is to ensure that export proceeds are brought back to India on time. This means the payment from you
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