Foreign Exchange Management (Foreign Currency Accounts by a person Resident in India) ( Third Amendment) Regulations, 2002

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....ARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA. 63 /2002-RB dated June 21, 2002 Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 02.07.2002 - G.S.R. No. 465(E) In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999....

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....agraph shall be inserted, namely : '6A. Foreign Currency Account of a unit in a Special Economic Zone A unit located in a Special Economic Zone may open hold and maintain a Foreign Currency Account with an authorized dealer in India provided that, a. all foreign exchange funds received by the unit in the Special Economic Zone (SEZ) are credited to such account, b. no foreign exchange purchas....