Answering queries of different types of Forex earners including SEZ developers, about their eligibility to open, hold and maintain Exchange Earner’s Foreign Currency (EEFC) accounts, RBI has clarified that all such earners are allowed to credit up to 100 per cent of their Forex earnings, to their EEFC Account.
Hence the Authorised Dealers can now allow SEZ developers to open, hold and maintain EEFC Accounts and credit up to 100 per cent of their foreign exchange earnings therein.
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