https://www.taxtmi.com/acts?id=2444 A unit in a Special Economic Zone may open and maintain a Foreign Currency Account with an authorized dealer in India, provided all foreign exchange receipts of the unit are credited thereto; foreign exchange purchased in India against rupees requires Reserve Bank permission before credit; funds are to be used for bona fide trade transactions of the SEZ unit; balances are exempt from Rule 5 restrictions except items 3 and 4 of Schedule III of GSR.381(E); and funds in the account shall not be lent or made available to residents in India who are not SEZ units. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 25 Jun 2025 16:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2444 A unit in a Special Economic Zone may open and maintain a Foreign Currency Account with an authorized dealer in India, provided all foreign exchange receipts of the unit are credited thereto; foreign exchange purchased in India against rupees requires Reserve Bank permission before credit; funds are to be used for bona fide trade transactions of the SEZ unit; balances are exempt from Rule 5 restrictions except items 3 and 4 of Schedule III of GSR.381(E); and funds in the account shall not be lent or made available to residents in India who are not SEZ units. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2444