EEFC account eligibility restricted: inward remittances for meeting specific obligations cannot be credited to EEFC accounts. Amendment to the EEFC Account Scheme substitutes a Schedule provision to provide that inward remittances received through normal banking channels to meet specific obligations of account holders are not eligible for credit to their EEFC accounts; authorised dealers are to notify constituents and implement the directional change under statutory powers.
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Provisions expressly mentioned in the judgment/order text.
EEFC account eligibility restricted: inward remittances for meeting specific obligations cannot be credited to EEFC accounts.
Amendment to the EEFC Account Scheme substitutes a Schedule provision to provide that inward remittances received through normal banking channels to meet specific obligations of account holders are not eligible for credit to their EEFC accounts; authorised dealers are to notify constituents and implement the directional change under statutory powers.
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