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Learn More Part C:
FEMA
Given below are the highlights of certain RBI
circulars, press notes and notifications
32 A. P. (DIR Series) Circular No. 22, dated
December 29, 2009
Exchange Earner’s Foreign Currency (EEFC) Account –
Clarification
This circular clarifies that all categories of
foreign exchange earners, including SEZ developers, are allowed to credit up to
100% of their foreign exchange earnings to their EEFC Accounts.