https://www.taxtmi.com/notifications?id=119365 Indian startups and other notified entities with overseas subsidiaries may maintain foreign currency accounts outside India for foreign exchange earnings from their exports or sales and related overseas subsidiary receivables. Balances must be repatriated to India within the prescribed period for realisation of export proceeds. Eligible foreign exchange payments from exports or sales by startups and their overseas subsidiaries are permissible credits. Insurance and reinsurance companies may also maintain overseas foreign currency accounts for business-incidental expenditure and credit insurance or reinsurance premia received outside India. en-us Wed, 01 Jun 2016 00:00:00 +0530 Wed, 09 Sep 2026 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119365 Indian startups and other notified entities with overseas subsidiaries may maintain foreign currency accounts outside India for foreign exchange earnings from their exports or sales and related overseas subsidiary receivables. Balances must be repatriated to India within the prescribed period for realisation of export proceeds. Eligible foreign exchange payments from exports or sales by startups and their overseas subsidiaries are permissible credits. Insurance and reinsurance companies may also maintain overseas foreign currency accounts for business-incidental expenditure and credit insurance or reinsurance premia received outside India. Notifications FEMA Wed, 01 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119365