• The shares under ESOP are offered at a concessional price.
• The foreign equity holding in the Indian company is not be less than 51%.
They are also permitted to freely sell the shares provided the proceeds thereof are
repatriated to India.
Purchase Eurail Tickets/ Passes
These may be paid for in Indian rupees and the amount paid need not be adjusted against
the traveling entitlement of foreign exchange for a private visit.
Overseas Phone cards
These may be paid for in Indian rupees. These need not be adjusted against the travel
Foreign exchange may be sold to pay fees to schools under the administrative control of
Prior approval of the RBI is not required to pay for consultancy services procured from
outside India even if the payment is made out of money in an EEFC account.
Units in Domestic Tariff Areas
Units in domestic tariff areas (DTAs) are permitted to purchase foreign exchange from
dealers to pay for goods supplied by them to 100% EOUs, EPZs, ETTs and STPs. The
facility as to units in DTAs for payments towards goods supplied to them by units in
SEEPZ has been withdrawn.
External Commercial Borrowings (ECB)
Units in Special Economic zones (SEZ) can raise ECBs for its requirement. It should not
transfer or on lend any borrowed funds to its sister concern or any other unit in Domestic
Tariff Area (DTA).
Liberalized remittances Scheme of $25,000
Dealers may freely allow remittances upto $25,000 per year for permissible current or
capital account transactions or a combination of both. This facility is in addition to those
already available for private travel, business travel, gift remittances, donations, studies
medical treatment etc. The facility is available to all resident individuals but not to
corporates, partnership firms, HUF, Trusts etc. The facility permits resident individuals to
acquire and hold immovable property or shares or any other asset outside India without