Foreign exchange earnings via international credit card can be credited to EEFC account if reimbursed in foreign exchange. Foreign exchange earnings received through an international credit card may be credited to an Exchange Earners Foreign Currency (EEFC) account provided ... Summary
Foreign exchange earnings via international credit card can be credited to EEFC account if reimbursed in foreign exchange.
Foreign exchange earnings received through an international credit card may be credited to an Exchange Earners Foreign Currency (EEFC) account provided the card receipts are reimbursed in foreign exchange, and are thereby regarded as remittance through the normal banking channel for EEFC crediting purposes.
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