Answer.
Ø Exporter can use the the fund
for bonafide business purpose i.e business visit, participation in export
fairs, seminars, setup and maintenance of office abroad
Ø Payment of import obligation
for import of raw materials, Machinery and spare parts etc.
Ø Payment of International
Credit card bill.(International Credit card may be issued in favor of three top
executives of concern export firm/organization against ERQ Account
Ø Exporter can en cash the FC
in local currency .
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