Exchange Earners Foreign Currency accounts: permissible foreign exchange credits for exporters, professionals, counter trade and re credits. Permissible credits into an Exchange Earners Foreign Currency (EEFC) Account include inward remittances through normal banking channels (excluding foreign currency loans/investments and funds for specified obligations); export related receipts from EOUs, export parks and SEZ/DC transactions; counter trade payments; export advances; export receipts from specified state credit repayments; professional earnings for services; re credit of unutilised foreign currency; repayments to exporters of trade loans/advances; and disinvestment proceeds on conversion to ADRs/GDRs under the Sponsored Scheme.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exchange Earners Foreign Currency accounts: permissible foreign exchange credits for exporters, professionals, counter trade and re credits.
Permissible credits into an Exchange Earners Foreign Currency (EEFC) Account include inward remittances through normal banking channels (excluding foreign currency loans/investments and funds for specified obligations); export related receipts from EOUs, export parks and SEZ/DC transactions; counter trade payments; export advances; export receipts from specified state credit repayments; professional earnings for services; re credit of unutilised foreign currency; repayments to exporters of trade loans/advances; and disinvestment proceeds on conversion to ADRs/GDRs under the Sponsored Scheme.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.