EEFC Account of Units in SEZs

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..... - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 21.03.2001 - G.S.R. No. 200(E) In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No. FEMA 10/2000-RB dated 3rd May 2000, Reserve Bank of India makes the following amend .....

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..... to a unit in a Special Economic Zone. (2) A unit in a Special Economic Zone may credit to its EEFC Account, all its receipts up to 100% in foreign exchange, except the following, namely: i. acquisition of foreign exchange by purchase against rupees from any person resident in India other than a unit in a Special Economic Zone, (3) Paragraphs 3 and 4 shall mutatis mutandis apply to the EEF .....

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