EEFC account rule: all foreign exchange earnings may be credited, conversion timing and utilisation conditions apply. Under the EEFC account framework, 100% of an exporter's foreign exchange earnings may be credited to the account, provided the aggregate accruals in any ... Summary
EEFC account rule: all foreign exchange earnings may be credited, conversion timing and utilisation conditions apply.
Under the EEFC account framework, 100% of an exporter's foreign exchange earnings may be credited to the account, provided the aggregate accruals in any calendar month are converted into Rupees on or before the last day of the succeeding calendar month after adjusting for utilisation for approved purposes and for forward commitments.
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