https://www.taxtmi.com/notifications?id=4551 Residents may credit 100 per cent of specified foreign exchange earnings to an EEFC Account with an Authorised Dealer (effective 30 November 2006). Regulation 7(4A) proviso, clause (b) revises remittance limits to overseas branches/offices: initial expenses permitted up to 15 per cent of average annual sales/income or turnover (last two years) or up to 25 per cent of net worth, whichever is higher; recurring expenses permitted up to 10 per cent of average annual sales/income or turnover (last financial year). Certain amendments have retrospective effect. en-us Thu, 07 Jun 2007 00:00:00 +0530 Thu, 19 Jun 2025 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=4551 Residents may credit 100 per cent of specified foreign exchange earnings to an EEFC Account with an Authorised Dealer (effective 30 November 2006). Regulation 7(4A) proviso, clause (b) revises remittance limits to overseas branches/offices: initial expenses permitted up to 15 per cent of average annual sales/income or turnover (last two years) or up to 25 per cent of net worth, whichever is higher; recurring expenses permitted up to 10 per cent of average annual sales/income or turnover (last financial year). Certain amendments have retrospective effect. Notifications FEMA Thu, 07 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/notifications?id=4551