Structure of the Scheme

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.... Investment Partners  (ECIIP) Scheme to promote joint ventures in Asia, Latin America and the Mediterranean countries. EEC signs framework agreements with financial institutions in the target country, and makes available its financial assistance through these partner financial institutions. ECIIP specifically aims its assistance at small and medium sized companies, but larger companies can al....

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....o reinvest such proceeds in India, which,  is also the preferred arrangement in so far as the Government of India is  concerned, the Government of India has inserted a new clause, (23BBB) in  section 10 of the Income-tax Act to provide income-tax exemption on any  income of the European Economic Community derived in India by way of  interest, dividends or capital gains fro....