| Date: |
10-09-2015
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| Notification No: |
RBI/2015-16/173 A.P. (DIR Series) Circular No.11
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| Issuing Authority: |
RBI
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| Type: |
A.P.D.(Series) Circulars
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| File No: |
RBI/2015-16/173 |
| Subject: |
Exchange Earners’ Foreign Currency (EEFC) Account-Discontinuation of Statement pertaining to trade related loans and advances
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RBI/2015-16/173
A.P. (DIR Series) Circular No.11
September 10, 2015
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Exchange Earners’ Foreign Currency (EEFC) Account-
Discontinuation of Statement pertaining to trade related loans and advances
Attention of Authorized Dealers Category –I (AD Category –I) banks is invited to
A.P. (DIR Series) Circular No.78 dated February 14, 2003 in terms of which
transactions relating to loans/ advances from EEFC account may be reported by
the AD banks on a quarterly basis to the Regional Office of Reserve Bank.
- With a view to liberalizing the procedure, it has now been decided to
dispense with the above-mentioned statement with immediate effect.
- The directions contained in this circular have been issued under Section
10(4) and Section 11(1) of the FEMA, 1999 (42 of 1999) and are without prejudice
to permissions/ approvals, if any, required under any other law.
Yours faithfully,
(A K Pandey)
Chief General Manager
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