Professional Documents
Culture Documents
DEVELOPMENTS
RELATED TO FEMA
SUBMITTED BY:
SUMIT ARORA
ROLL NO:37
GBO:2ND YEAR
DOCUMENTATION
RECENT CHANGES:
(SOURCE:www.proactivesolutech.com/newsletter/newsapr
.htm)
Extension of Time for realisation of Export Proceeds
A 100% EOU or a unit in EPZ or From out of its Current A/c No Limit No Limit
in a Hardware Technology or out of its
Park or in a Software EEFC(exchange
Technology Park, within earner foreign
two years of establishment currency account) A/c
of the Unit
Other Companies From out of its Current A/c 2 per cent of the average annual 1 per cent of the average
sales/income or turnover annual sales/income or
during last two accounting turnover during last two
years of the Indian Entity. accounting years of the
Indian Entity.