EEFC Account permissible debits include payments for current and capital transactions, goods, customs, trade loans, and resident supplies. Permissible debits from an Exchange Earners Foreign Currency (EEFC) Account include payments outside India for permissible current and capital account transactions; payments for goods purchased from specified export-oriented or technology park units; payment of customs duty under the Foreign Trade Policy; trade-related loans or advances from an exporter to an overseas importer subject to borrowing and lending regulations; and payments in foreign exchange to residents for supply of goods or services, including airfare and hotel costs.
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.
EEFC Account permissible debits include payments for current and capital transactions, goods, customs, trade loans, and resident supplies.
Permissible debits from an Exchange Earners Foreign Currency (EEFC) Account include payments outside India for permissible current and capital account transactions; payments for goods purchased from specified export-oriented or technology park units; payment of customs duty under the Foreign Trade Policy; trade-related loans or advances from an exporter to an overseas importer subject to borrowing and lending regulations; and payments in foreign exchange to residents for supply of goods or services, including airfare and hotel costs.
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