https://www.taxtmi.com/acts?id=2301 The EEFC Account framework permits residents to credit qualifying foreign exchange earnings into EEFC accounts, including inward remittances, specified export receipts, approved counter-trade receipts, advance export remittances, certain State Credit repayments, and individual professional earnings; receipts from other residents are generally excluded. Permissible credits include portions of qualifying receipts, interest, recredits, importer loan repayments and specified disinvestment proceeds. Permissible debits cover payments abroad for current and permitted capital account transactions, purchases from certain export units, customs duty, authorised trade-related loans/advances, and payments in foreign exchange to residents for goods and services. Rupee withdrawals are unrestricted but non-reconvertible; authorised dealers must ensure permissibility and may issue EEFC cheque books; joint former-or-survivor accounts with resident close relatives are allowed with operating restrictions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 25 Jun 2025 17:06:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2301 The EEFC Account framework permits residents to credit qualifying foreign exchange earnings into EEFC accounts, including inward remittances, specified export receipts, approved counter-trade receipts, advance export remittances, certain State Credit repayments, and individual professional earnings; receipts from other residents are generally excluded. Permissible credits include portions of qualifying receipts, interest, recredits, importer loan repayments and specified disinvestment proceeds. Permissible debits cover payments abroad for current and permitted capital account transactions, purchases from certain export units, customs duty, authorised trade-related loans/advances, and payments in foreign exchange to residents for goods and services. Rupee withdrawals are unrestricted but non-reconvertible; authorised dealers must ensure permissibility and may issue EEFC cheque books; joint former-or-survivor accounts with resident close relatives are allowed with operating restrictions. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2301