Foreign currency accounts for resident exporters allowed for export realisation; funds may fund imports or be repatriated under export rules. Authorises a resident exporter to open and maintain a Foreign Currency Account abroad to realise full export value and advance remittances; funds may be used for paying for imports into India or repatriated within the end of the next month from receipt after adjusting for forward commitments, subject to the realisation and repatriation requirements in Regulation 9 of the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015.
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.
Foreign currency accounts for resident exporters allowed for export realisation; funds may fund imports or be repatriated under export rules.
Authorises a resident exporter to open and maintain a Foreign Currency Account abroad to realise full export value and advance remittances; funds may be used for paying for imports into India or repatriated within the end of the next month from receipt after adjusting for forward commitments, subject to the realisation and repatriation requirements in Regulation 9 of the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015.
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