EEFC Account entitlement for SEZ units permits full foreign exchange credit to EEFC Accounts with specified purchase exceptions. Regulatory amendment creates special EEFC Account rules for Special Economic Zone units, exempting them from the Schedule's general provisions and permitting crediting of their foreign exchange receipts in full to EEFC Accounts, except where the foreign exchange was acquired by purchase against rupees from a resident in India who is not a SEZ unit; paragraphs 3 and 4 of the Schedule apply mutatis mutandis to SEZ unit EEFC Accounts to govern operational and compliance aspects.
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Provisions expressly mentioned in the judgment/order text.
EEFC Account entitlement for SEZ units permits full foreign exchange credit to EEFC Accounts with specified purchase exceptions.
Regulatory amendment creates special EEFC Account rules for Special Economic Zone units, exempting them from the Schedule's general provisions and permitting crediting of their foreign exchange receipts in full to EEFC Accounts, except where the foreign exchange was acquired by purchase against rupees from a resident in India who is not a SEZ unit; paragraphs 3 and 4 of the Schedule apply mutatis mutandis to SEZ unit EEFC Accounts to govern operational and compliance aspects.
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