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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 ..... t (DDA) 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 acc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 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 ..... oreign 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 Branch Manag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d 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 maintaining any ..... X X X X Extracts X X X X X X X X Extracts X X X X
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