EEFC account drawals receive current-account restriction exemptions, except for specified Schedule II and Schedule III purposes. Drawals from funds held in an Exchange Earners' Foreign Currency (EEFC) account are exempt from restrictions applicable to current-account ... Summary
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EEFC account drawals receive current-account restriction exemptions, except for specified Schedule II and Schedule III purposes.
Drawals from funds held in an Exchange Earners' Foreign Currency (EEFC) account are exempt from restrictions applicable to current-account foreign-exchange transactions. Restrictions continue, however, where EEFC-account drawals are made for purposes listed in items 10 and 11 of Schedule II or items 3, 4, 11, 16 and 17 of Schedule III.
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