https://www.taxtmi.com/news?id=526 Foreign companies with Project Offices in India may open an additional foreign currency account to manage currency exposure. Advance remittances for rough diamond imports from specified mining companies are permitted without limits and without bank guarantee or standby letter of credit, with two more companies added to the eligible list. The facility allowing exporters to earn interest on EEFC accounts has been withdrawn effective 1 November 2008. en-us Mon, 04 Aug 2008 21:55:58 +0530 Sun, 24 Aug 2008 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=526 Foreign companies with Project Offices in India may open an additional foreign currency account to manage currency exposure. Advance remittances for rough diamond imports from specified mining companies are permitted without limits and without bank guarantee or standby letter of credit, with two more companies added to the eligible list. The facility allowing exporters to earn interest on EEFC accounts has been withdrawn effective 1 November 2008. News - Mon, 04 Aug 2008 21:55:58 +0530 https://www.taxtmi.com/news?id=526