9911796707
TMI BlogSCHEDULE IIX X X X Extracts X X X X X X X X Extracts X X X X ..... nd maintain DDA with AD Category I 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 shall only be in the form of current accou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ery. 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 local sources. iii. Payment for import/ purchase of gold from overseas/ nominated agen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e/ 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 / export of diamonds / coloured gemstones / diamond and coloured gemstones studded jewellery /plain gold jewellery, and having an average annual turnover of ₹ 3 crore or above during preceding thr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anks in India or abroad. 5. We declare that we are not maintaining more than 5 DDAs including the one proposed to be opened with your branch. 6. We declare that we are neither on the caution list of exporters of Reserve Bank of India nor on the defaulters list of Export Credit Guarantee Corporation of India Ltd (ECGC). 7. We undertake to abide by the rules of the Diamond Dollar Account Sc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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