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EEFC account eligibility expanded: DTA suppliers to SEZs may credit foreign exchange receipts to EEFC accounts. Payments received in foreign exchange by a unit in the Domestic Tariff Area for supply of goods to a unit in a Special Economic Zone, when received out of the DTA supplier's foreign currency account, are to be treated as eligible foreign exchange earnings for credit to the Exchange Earner's Foreign Currency (EEFC) Account; authorised dealers may credit such receipts, the facility is effective from the date of the circular, and regulatory amendments to the Foreign Currency Accounts Regulations, 2000 will be notified.
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EEFC account eligibility expanded: DTA suppliers to SEZs may credit foreign exchange receipts to EEFC accounts.
Payments received in foreign exchange by a unit in the Domestic Tariff Area for supply of goods to a unit in a Special Economic Zone, when received out of the DTA supplier's foreign currency account, are to be treated as eligible foreign exchange earnings for credit to the Exchange Earner's Foreign Currency (EEFC) Account; authorised dealers may credit such receipts, the facility is effective from the date of the circular, and regulatory amendments to the Foreign Currency Accounts Regulations, 2000 will be notified.
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