TaxTMI 
TaxTMI 
Opening of Diamond Dollar Accounts (DDAs) - Modification
X X X X Extracts X X X X
X X X X Extracts X X X X
....D Category-I) banks is invited to A.P. (DIR Series) Circular No. 51 dated February 13, 2009 delegating powers to AD Category-I banks to open and maintain DDAs by eligible firms and companies subject to certain terms and conditions. A reference has been made in the said circular to Para 4A.19 of the Foreign Trade Policy 2004-2009 issued by the Government of India in terms of which firms and compani....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... the Government in this regard is annexed. 3. Authorised Dealer Category-I banks may note the revised eligibility criteria notified by the Government while permitting eligible firms and companies to open and maintain DDAs with them. They are also advised to be guided by Foreign Trade Policy (FTP) in force from time to time, in future. 4. The other terms & conditions mentioned in the A.P. (DIR S....
X X X X Extracts X X X X
X X X X Extracts X X X X
....d by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with Para 1.3 of the Foreign Trade Policy, 2004-2009 (as amended from time to time), the Central Government hereby makes the following amendment in Foreign Trade Policy: 1. The first sub paragraph of Paragraph 4A.19 stands replaced by the following clause: Firms and companies dealing in purchase/ sal....