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Foreign exchange earnings retention restored for EEFC accounts, subject to conversion into rupees by the succeeding month after approved utilisations. Full credit of foreign exchange receipts to EEFC accounts is permitted, conditioned on conversion of accruals in any calendar month into Rupee balances on or before the last day of the succeeding calendar month after adjusting for approved utilisations and forward commitments; the same procedure applies to Diamond Dollar and Resident Foreign Currency (Domestic) accounts, and authorised dealers must notify customers while other earlier terms remain unchanged.
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Foreign exchange earnings retention restored for EEFC accounts, subject to conversion into rupees by the succeeding month after approved utilisations.
Full credit of foreign exchange receipts to EEFC accounts is permitted, conditioned on conversion of accruals in any calendar month into Rupee balances on or before the last day of the succeeding calendar month after adjusting for approved utilisations and forward commitments; the same procedure applies to Diamond Dollar and Resident Foreign Currency (Domestic) accounts, and authorised dealers must notify customers while other earlier terms remain unchanged.
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