I wouldn’t bother with 7.3. As long as you’re downloading the public release version of xcode 7.3.1 it will contain the iOS 9.3 full version (not beta).
I’d also remove the beta version of xcode to save headaches whilst you’re waiting for the download to finish

Yes, I think I know what is the error. XCode 7.3 has iOS 9.3 (full version) not the beta one. But Corona build 2016.2830. cannot detect as it was built for iOS 9.2, so it detects 9.3 as the beta version.