What are the sources of fund/Quota Entitlement for ERQ Account?

Answer:

Ø  Merchandise exporters can retain upto 50% of repatriated FOB Value of their export.

Ø  Export goods having high import content(low domestic value-added) like POL product including naptha, furnace oil, butimin, Ready made Garments made of imported fabrics, electronics goods etc the exporter can retai up to 10% of repatriated FOB value of export instead of 50% (Garments exporter can retain up to 10% realized FOB value of their export instead of 50%. (Garments exporter can retain up to 10% realized FOB value of their export).

Ø  Service exporter can retain up to 5% of their repatriated income (Indenters/buying House can not open ERQ A/C)

Ø  Soft wear and Data entry /processing exporter can retain up to 40% of their repatriated income.

Ø  Deemed exporter can retain 50% or 10% of repatriated export proceed subject to sharing of direct exporter. (If direct exporter retain 40% or 6%, then the deem exporter will retain balance 10%  or 4% of reptriated export proceed. In this case, the negotiating bank of direct exported will which amount of export proceeds they have retained in ERQ Account.)

Ø  A type industrial unit in EPZ  may retain upto 10% of export proceeds

Ø  B & C type industrial unit may retain upto 80%  if export proceeds other than garments industry.

Ø  C type industrial unit in EPZ may retain upto 75% of export proceeds for garments industry