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TMI BlogSCHEDULE IIX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 account and no interest should b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 agencies and repayment of US Dollars loans availe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lery 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 three licensing years. 2. We wish to open a current account/s under th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Scheme framed / to be framed from time to time and the terms and conditions stipulated f ..... X X X X Extracts X X X X X X X X Extracts X X X X
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