https://www.taxtmi.com/circulars?id=11628 Circular requires conversion of half of existing EEFC balances into rupee accounts within a short timeframe with compliance reporting; limits future retention in non interest EEFC accounts to half of forex receipts while the remainder must be surrendered for conversion; obliges utilisation of EEFC balances before purchasing additional foreign exchange and extends these rules to Resident Foreign Currency and Diamond Dollar accounts. en-us Thu, 10 May 2012 00:00:00 +0530 Thu, 10 May 2012 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11628 Circular requires conversion of half of existing EEFC balances into rupee accounts within a short timeframe with compliance reporting; limits future retention in non interest EEFC accounts to half of forex receipts while the remainder must be surrendered for conversion; obliges utilisation of EEFC balances before purchasing additional foreign exchange and extends these rules to Resident Foreign Currency and Diamond Dollar accounts. Circulars FEMA Thu, 10 May 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11628