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of <h1>Foreign Currency Account Holders Can Now Flexibly Access Earnings Under FEMA with Targeted Regulatory Exemptions</h1> The statutory provision outlines rules for drawing funds from an Exchange Earners' Foreign Currency (EEFC) account under the Foreign Exchange Management Act. The rule exempts EEFC account drawals from certain restrictions, with specific exceptions for designated transactions in Schedules II and III. The provision allows flexible use of foreign currency earnings while maintaining targeted regulatory controls on specific types of fund transfers.
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