Exchange Earners’ Foreign Currency (EEFC) Account Scheme

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....am/Sirs, Exchange Earners' Foreign Currency (EEFC) Account Scheme Attention of authorised dealers is invited to para 3(iv) of Schedule to Notification No.FEMA.10/2000-RB dated 3^rd May 2000. Exporters are presently permitted to grant trade related loans/advances not exceeding USD 3 million from their EEFC Account to their overseas importer customer subject to compliance with Notification No.....

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....sary amendments to the Foreign Exchange Management Regulations, 2000 are being issued separately. 5. Authorised dealers may bring the contents of this circular to the notice of their constituents concerned. 6. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999(42 of 1999). Yours faithfully, G. Pa....