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Power of AO to Grant Stay — Whether Discretionary or Controlled By the Instructions and Circulars
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Legal Considerations for Start-Ups – Are you overlooking some?
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ATR & AQMM – Audit Reports of Auditors!
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भारत पहले – 75 Year of Independence
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June 2012

A.P. (DIR Series) Circular No. 128, dated 16-5-2012 — Exchange Earner’s Foreign Currency (EEFC) Account.

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

This Circular clarifies that conversion of the EEFC balances into Rupee balances will only be applicable to available balances in the EEFC account which may be arrived at by netting off earmarked amounts on account of outstanding forward/option contracts booked before May 10, 2012.

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