https://www.taxtmi.com/acts?id=20373 The EEFC Account Scheme permits residents to credit up to 100% of specified foreign exchange earnings to an EEFC account with an Authorised Dealer, subject to exclusions. Qualifying receipts include inward banking remittances, export receipts from specified export units, advance export remittances, professional foreign earnings, approved counter trade receipts, specified State Credit repayments, and export/sales receipts of recognised startups or notified entities. Permissible credits include interest, re credits and certain disinvestment proceeds; permissible debits include approved current and capital account payments, payments to specified export units, customs duty, trade related loans, and payments to residents for goods and services. Rupee withdrawals are allowed but cannot be re credited; authorised dealers must ensure cheques are permissible; resident individuals may add resident relatives as non operating joint holders on a former or survivor basis. en-us Mon, 08 Feb 2016 10:36:03 +0530 Tue, 17 Jun 2025 14:41:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20373 The EEFC Account Scheme permits residents to credit up to 100% of specified foreign exchange earnings to an EEFC account with an Authorised Dealer, subject to exclusions. Qualifying receipts include inward banking remittances, export receipts from specified export units, advance export remittances, professional foreign earnings, approved counter trade receipts, specified State Credit repayments, and export/sales receipts of recognised startups or notified entities. Permissible credits include interest, re credits and certain disinvestment proceeds; permissible debits include approved current and capital account payments, payments to specified export units, customs duty, trade related loans, and payments to residents for goods and services. Rupee withdrawals are allowed but cannot be re credited; authorised dealers must ensure cheques are permissible; resident individuals may add resident relatives as non operating joint holders on a former or survivor basis. Act-Rules FEMA Mon, 08 Feb 2016 10:36:03 +0530 https://www.taxtmi.com/acts?id=20373