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Foreign currency accounts: DTA units may receive foreign exchange payments for supplies to SEZ units under amended FEMA rules. The Regulations amend the Schedule to the 2000 Rules by inserting in paragraph 1, sub paragraph (1A), clause (ii) that payments received in foreign exchange by a unit in the Domestic Tariff Area for supply of goods to a unit in a Special Economic Zone are included under the foreign currency account provisions; the amendment takes effect on publication in the Official Gazette.
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Foreign currency accounts: DTA units may receive foreign exchange payments for supplies to SEZ units under amended FEMA rules.
The Regulations amend the Schedule to the 2000 Rules by inserting in paragraph 1, sub paragraph (1A), clause (ii) that payments received in foreign exchange by a unit in the Domestic Tariff Area for supply of goods to a unit in a Special Economic Zone are included under the foreign currency account provisions; the amendment takes effect on publication in the Official Gazette.
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