https://www.taxtmi.com/circulars?id=2089 Liberalisation of the Exchange Earners' Foreign Currency (EEFC) Account Scheme permits individual professionals to retain up to 100 percent of foreign earnings in EEFC accounts and classifies exporters into two tiers allowing either full or half retention of foreign receipts; Authorised Dealers may open and maintain EEFC accounts for eligible residents without referring applications to the Reserve Bank, and banks may operate customary facilities such as cheques, all under amendments to FEMA notifications and an administrative corrigendum. en-us Tue, 15 Jun 2004 00:00:00 +0530 Sat, 04 Oct 2008 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2089 Liberalisation of the Exchange Earners' Foreign Currency (EEFC) Account Scheme permits individual professionals to retain up to 100 percent of foreign earnings in EEFC accounts and classifies exporters into two tiers allowing either full or half retention of foreign receipts; Authorised Dealers may open and maintain EEFC accounts for eligible residents without referring applications to the Reserve Bank, and banks may operate customary facilities such as cheques, all under amendments to FEMA notifications and an administrative corrigendum. Circulars FEMA Tue, 15 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2089