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SCHEDULE II

Regulation - Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 - [See Sub-regulation (E) of Regulation 4] Diamond Dollar Account (DDA) Scheme 1. Firms and companies may open and maintain DDA with .....

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n the name of the exporter and maintained in US Dollars only. c) The account shall only be in the form 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 DD .....

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irements. g) Exporter firms and companies maintaining foreign currency accounts, excluding EEFC accounts, with banks in India or abroad, are not eligible to open Diamond Dollar Accounts. 2. Permissible Credits:- i. Amount of pre-shipment and post-shi .....

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Debits:- i. Payment for import/ purchase of rough diamonds from overseas/ local sources. ii. Payment for purchase of cut and polished diamonds, coloured gemstones and plain gold jewellery from local sources. iii. Payment for import/ purchase of gold .....

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from time to time. 4. Application Procedure:- The exporter firm/ company shall make an application 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 .....

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D bank/branch) Dear Sir, We are dealing in purchase/ sale of rough or cut and polished diamonds / precious 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 / .....

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ccount/s under the Diamond Dollar Account Scheme with your bank in accordance with the provisions of (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 .....

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E Code No. : v) Annual Turnover of the last two Years (enclose certificate of CA): vi) Details of the 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 .....

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