https://www.taxtmi.com/circulars?id=1815 Authorised dealers must ensure EEFC balances are reduced to fifty percent of amounts held as of 11 August 2000, with excess converted into rupees or sold forward and compliance reported to the Reserve Bank. From 14 August 2000 retention ceilings for crediting eligible inward remittances to EEFC accounts are lowered for export oriented/specialised units and for other residents. EEFC accounts are limited to current or savings form for individuals and current accounts for others; term deposits must convert at maturity. No new fund or non fund credit may be granted against EEFC balances, existing facilities to run to maturity without extensions. en-us Mon, 14 Aug 2000 00:00:00 +0530 Fri, 03 Oct 2008 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1815 Authorised dealers must ensure EEFC balances are reduced to fifty percent of amounts held as of 11 August 2000, with excess converted into rupees or sold forward and compliance reported to the Reserve Bank. From 14 August 2000 retention ceilings for crediting eligible inward remittances to EEFC accounts are lowered for export oriented/specialised units and for other residents. EEFC accounts are limited to current or savings form for individuals and current accounts for others; term deposits must convert at maturity. No new fund or non fund credit may be granted against EEFC balances, existing facilities to run to maturity without extensions. Circulars FEMA Mon, 14 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1815