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        FEMA

        Rule 6 - Payment from EEFC Account

        Foreign Exchange Management (Current Account Transactions) Rules, 2000

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        EEFC account drawals exempt from general current account rules, but remain subject to restrictions for specified purposes under FEMA rules. Rule 6 exempts drawals from an Exchange Earners' Foreign Currency (EEFC) account from the restrictions of Rule 4 and Rule 5, while preserving those restrictions where the drawal is made for specific purposes set out in the applicable Schedules; thus EEFC drawals are generally permitted except when used for the enumerated restricted purposes.
                      Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            EEFC account drawals exempt from general current account rules, but remain subject to restrictions for specified purposes under FEMA rules.

                            Rule 6 exempts drawals from an Exchange Earners' Foreign Currency (EEFC) account from the restrictions of Rule 4 and Rule 5, while preserving those restrictions where the drawal is made for specific purposes set out in the applicable Schedules; thus EEFC drawals are generally permitted except when used for the enumerated restricted purposes.


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