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

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.... a Foreign Currency Account in 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 pas....

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....Business) Regulations, 2000 dated May 3, 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 Governme....