Frequently Asked Questions (FAQs)
Question and Answer


Q. From which FC accounts may the payment of import be made?


Answer:

Import payment may be made from the following FC accounts:
* Exporters' Retention Quota (ERQ) Account [Para 29(i), Chapter 13, GFET]
* BTB Margin/Single Pool [Para 38, Chapter 7 and Para 39(i), Chapter 7, GFET]
* FC retained by exporters who import under non-BTB arrangement [Para 39(ii), Chapter 7, GFET]
* Private Foreign Currency Account [Para 2(ii), Chapter 13, GFET]
* Non-Resident Foreign Currency Deposit (NFCD) Account [Para 18, Chapter 13, GFET]
* Resident Foreign Currency Deposit (RFCD Account [Para 23, Chapter 13, GFET]
* EPZ Companies' account [Para 31(i), Chapter 13 and Para 31(ii), Chapter 13, GFET].


Reference/ Related Link

Para 29(i), Ch-13, GFET
Para 38, Ch-7, GFET
Para 39(i) and 39(ii), CH 7, GFET
Para 2(ii),Ch-13, GFET
Para 18, Ch-13, GFET
Para 23, Ch-13, GFET
Para 31(i) and Para 31(ii), Ch-13, GFET



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