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TMI BlogSee sub-regulation (4) of regulation 6 - Diamond Dollar Account (DDA) SchemeX X X X Extracts X X X X X X X X Extracts X X X X ..... Scheme 1. Firms and companies may open and maintain DDA with AD Category-1 banks, subject to the following terms and conditions :-- (a) The exporter should comply with the eligibility criteria stipulated in the Foreign Trade Policy of the Government of India, issued from time to time. (b) The DDA shall be opened in the name of the exporter and maintained in US Dollars only. (c) The account ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of export proceeds from shipments of rough, cut, polished diamonds and diamond studded jewellery. (iii) Realisation in US Dollars from local sale of rough, cut and polished diamonds. 3. Permissible 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ge, Foreign Exchange Department, Reserve Bank of India, Trade Division, Amar Building, Mumbai-400 001, giving details of the name and address of the firm/company in whose name the Diamond Dollar Account is opened, along with the date of opening/closing the Diamond. Dollar Account, by the 10th of the following month to which it relates. Application for opening diamond dollar accounts To The Bran ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e No.) issued by Ministry of Commerce and Industry, Government of India. 3. The relevant particulars are furnished below : (i) Name of the Firm/Company : (ii) Address of the Registered Office : (iii) Principal business : (iv) IE 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 ma ..... X X X X Extracts X X X X X X X X Extracts X X X X
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