https://www.taxtmi.com/circulars?id=1825 The circular increases the proportion of eligible inward remittances that may be credited to EEFC accounts for specified exporters and other residents, effective immediately for remittances received on or after the circular date. All EEFC accounts must be maintained as non interest bearing Current Accounts, no credit facilities may be made available against EEFC balances, and existing credit facilities must be withdrawn on expiry. Other terms of the Scheme remain unchanged, and the directions are issued under the Foreign Exchange Management Act with penalties for non compliance. en-us Tue, 10 Oct 2000 00:00:00 +0530 Fri, 03 Oct 2008 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1825 The circular increases the proportion of eligible inward remittances that may be credited to EEFC accounts for specified exporters and other residents, effective immediately for remittances received on or after the circular date. All EEFC accounts must be maintained as non interest bearing Current Accounts, no credit facilities may be made available against EEFC balances, and existing credit facilities must be withdrawn on expiry. Other terms of the Scheme remain unchanged, and the directions are issued under the Foreign Exchange Management Act with penalties for non compliance. Circulars FEMA Tue, 10 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1825