https://www.taxtmi.com/acts?id=2295 Regulation 6 permits foreign shipping and airline companies or their agents to open and maintain foreign currency accounts in India with authorized dealers for local expenses, provided credits are confined to freight or passage fare collections in India or inward remittances from overseas offices or principals. Authorized dealers, subject to Reserve Bank directions, may allow ship manning/crew managing agencies and project offices to maintain non interest bearing foreign currency accounts, and Authorised Dealer Category I banks may permit eligible firms to maintain Diamond Dollar Accounts under the DDA Scheme. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 25 Jun 2025 16:21:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2295 Regulation 6 permits foreign shipping and airline companies or their agents to open and maintain foreign currency accounts in India with authorized dealers for local expenses, provided credits are confined to freight or passage fare collections in India or inward remittances from overseas offices or principals. Authorized dealers, subject to Reserve Bank directions, may allow ship manning/crew managing agencies and project offices to maintain non interest bearing foreign currency accounts, and Authorised Dealer Category I banks may permit eligible firms to maintain Diamond Dollar Accounts under the DDA Scheme. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2295