https://www.taxtmi.com/notifications?id=24238 Amendments create a Diamond Dollar Account (DDA) Scheme allowing eligible exporter firms and companies to open US Dollar current accounts with Authorized Dealer Category I banks, non interest bearing and limited to five accounts per exporter; balances are subject to CRR and SLR. Credits are limited to specified export realisations and US Dollar finance, debits cover permitted payments for diamonds, gemstones, specified jewellery, gold imports, loan repayments and transfers to the rupee account, with all transactions governed by the Foreign Trade Policy. Banks must verify eligibility annually and report monthly to the Reserve Bank. en-us Fri, 03 Jun 2011 00:00:00 +0530 Fri, 29 Jul 2011 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=24238 Amendments create a Diamond Dollar Account (DDA) Scheme allowing eligible exporter firms and companies to open US Dollar current accounts with Authorized Dealer Category I banks, non interest bearing and limited to five accounts per exporter; balances are subject to CRR and SLR. Credits are limited to specified export realisations and US Dollar finance, debits cover permitted payments for diamonds, gemstones, specified jewellery, gold imports, loan repayments and transfers to the rupee account, with all transactions governed by the Foreign Trade Policy. Banks must verify eligibility annually and report monthly to the Reserve Bank. Notifications FEMA Fri, 03 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/notifications?id=24238