Opening, Holding and Maintaining a Foreign Currency Account in India in Certain Other Cases

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....India in Certain Other Cases : (1) A shipping or airline company incorporated outside India or its agent in India, may open, hold and maintain a Foreign Currency Account with an authorized dealer in India for meeting the local expenses in India of such airline or shipping company: Provided that the credits to such accounts are only by way of freight or passage fare collections in India or b....

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.... 2000, as amended from time to time to open, hold and maintain non-interest bearing 1[one or more foreign currency accounts] in India for the projects to be executed in India.] 4[(4) An Authorized Dealer Category-I Banks in India may allow firms and companies who comply with the eligibility criteria stipulated in the Foreign Trade Policy of the Government of India, in force from time to time and ....