https://www.taxtmi.com/acts?id=20374 The Diamond Dollar Account (DDA) Scheme allows eligible exporter firms and companies to open up to five non interest bearing US Dollar current accounts with AD Category I banks, subject to Foreign Trade Policy eligibility, CRR/SLR requirements and prohibition on intra DDA transfers. Permissible credits are limited to US Dollar pre and post shipment finance and export or local sale realisations of diamonds and diamond studded jewellery; permissible debits include payments for rough and cut diamonds, coloured gemstones, specified jewellery and gold imports, loan repayments in US Dollars and transfers to the exporter's rupee account. Banks must assess eligibility annually and applicants must make specified declarations and comply with DDA rules. en-us Mon, 08 Feb 2016 10:36:42 +0530 Tue, 17 Jun 2025 10:45:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20374 The Diamond Dollar Account (DDA) Scheme allows eligible exporter firms and companies to open up to five non interest bearing US Dollar current accounts with AD Category I banks, subject to Foreign Trade Policy eligibility, CRR/SLR requirements and prohibition on intra DDA transfers. Permissible credits are limited to US Dollar pre and post shipment finance and export or local sale realisations of diamonds and diamond studded jewellery; permissible debits include payments for rough and cut diamonds, coloured gemstones, specified jewellery and gold imports, loan repayments in US Dollars and transfers to the exporter's rupee account. Banks must assess eligibility annually and applicants must make specified declarations and comply with DDA rules. Act-Rules FEMA Mon, 08 Feb 2016 10:36:42 +0530 https://www.taxtmi.com/acts?id=20374