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SCHEDULE II

Regulation - FEMA - [See Sub-regulation (E) of Regulation 4] Diamond Dollar Account (DDA) Scheme 1. Firms and companies may open and maintain DDA with AD Category-I banks, subject to the following terms and conditions:- a) The exporter should comply .....

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orm of current account and no interest should be paid on the balance held in the account. d) No intra-account transfer should be allowed between the DDAs maintained by the account holder. e) An exporter firm/ company shall be permitted to open and ma .....

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ounts, with banks in India or abroad, are not eligible to open Diamond Dollar Accounts. 2. Permissible Credits:- i. Amount of pre-shipment and post-shipment finance availed in US Dollars. ii. Realisation of export proceeds from shipments of rough, cu .....

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t for purchase of cut and polished diamonds, coloured gemstones and plain gold jewellery from local sources. iii. Payment for import/ purchase of gold from overseas/ nominated agencies and repayment of US Dollars loans availed from the bank. iv. Tran .....

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in the format annexed to the AD Category - I bank for opening of the DDA. AD Category - I banks should assess the track record of the firm / company at the end of every licensing year (April-March). In case any firm/ company fails to meet the eligibi .....

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recious metal jewellery plain, minakari and/ or studded with/ without diamond and/or other stones, with a track record of at least 2 years in import / export of diamonds / coloured gemstones / diamond and coloured gemstones studded jewellery /plain g .....

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f (mention the relevant paragraph) of the Foreign Trade Policy (period e.g. 2009-2014) of the Government of India read with the Handbook of Procedures (mention the relevant Volume No.) issued by Ministry of Commerce & Industry, Government of Indi .....

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he EEFC account, if any : 4. We confirm that we are not maintaining any foreign currency account, excluding EEFC account, with banks in India or abroad. 5. We declare that we are not maintaining more than 5 DDAs including the one proposed to be opene .....

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