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Exchange Earners' Foreign Currency (EEFC) Account Scheme

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Full Text of the Document

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....nt Scheme In terms of IECD Circular No. 9 /04.02.02/ 2002-03 of date Reserve Bank has liberalised the facility for liquidation of Rupee Packing Credit and Pre-shipment Credit in foreign currency by permitting repayment of such advances by exporters from out of their EEFC funds and/or rupee resources. 2. Authorised dealers may, therefore, permit exporters to repay packing credit advances, whether....

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