Withdrawal in rupees from EEFC accounts permitted but rupee withdrawals cannot be reconverted or re credited to the account. No restriction exists on withdrawing funds in rupees from an Exchange Earners Foreign Currency (EEFC) account; however, amounts withdrawn in rupees cannot be converted back into foreign currency or re credited to the EEFC account.
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.
Withdrawal in rupees from EEFC accounts permitted but rupee withdrawals cannot be reconverted or re credited to the account.
No restriction exists on withdrawing funds in rupees from an Exchange Earners Foreign Currency (EEFC) account; however, amounts withdrawn in rupees cannot be converted back into foreign currency or re credited to the EEFC account.
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