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SCHEDULE I

Regulation - FEMA - [See Sub-Regulation (A) of Regulation 4] Exchange Earner's Foreign Currency (EEFC) Account Scheme 1. Limit up to which foreign currency may be credited to EEFC account (1) A person resident in India may credit to the EEFC Account with an Authorised Dealer in India 100 percent of the foreign exchange earnings as specified here under: i) inward remittance through banking channel, other than the remittance received pursuant to any undertaking given to the Reserve Bank or whi .....

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c Tariff Area for supply of goods to a unit in Special Economic Zone (SEZ); iii) payments received by an exporter from an account maintained with an authorised dealer for the purpose of counter trade, in accordance with the approval granted in terms of the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015, as amended from time to time; iv) advance remittance received by an exporter towards export of goods or services; v) payment received for export of goods and service .....

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erve Bank in consultation with the Central Government, arising out of exports/ sales made by the said entity or its overseas subsidiaries, if any. Explanation: For the purpose of this schedule a startup means an entity which complies with the conditions laid down in Notification No. G.S.R 180(E), dated February 17, 2016 issued by Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India.] (2) For the purpose of the sub-paragraph (1), payment received t .....

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account; iv) Amount representing repayment by the account holder's importer customer, of loan/ advances granted in terms of clause (iv) of Paragraph 3. v) Representing the disinvestment proceeds received by the resident accountholder on conversion of shares held by him to ADRs/ GDRs under the DR Scheme, 2014 approved by the Government of India 3. Permissible debits to the EEFC account Following debits may be made to an EEFC Account, namely - i) Payment outside India towards a current account .....

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