https://www.taxtmi.com/notifications?id=6477 The amendment permits foreign shipping or airline companies and their agents to open, hold and maintain foreign currency accounts with authorised dealers in India to meet local expenses, with credits limited to freight or passage fare collections in India or inward remittances through normal banking channels from overseas offices or principals; authorised dealers may, under Reserve Bank directions, allow ship manning and crew managing agencies to maintain non interest bearing foreign currency accounts for ordinary business transactions. en-us Fri, 25 Jan 2008 00:00:00 +0530 Sat, 04 Oct 2008 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=6477 The amendment permits foreign shipping or airline companies and their agents to open, hold and maintain foreign currency accounts with authorised dealers in India to meet local expenses, with credits limited to freight or passage fare collections in India or inward remittances through normal banking channels from overseas offices or principals; authorised dealers may, under Reserve Bank directions, allow ship manning and crew managing agencies to maintain non interest bearing foreign currency accounts for ordinary business transactions. Notifications FEMA Fri, 25 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/notifications?id=6477