Exchange Earnings Service Trade (EEST) Program: A Guide to Foreign Exchange Management"

EXCHANGE EARNINGS
SERVICE TRADE

Exchange Earnings Service Trade

The Exchange Earnings Service Trade (EEST) is a program implemented by the Reserve Bank of India (RBI) to facilitate the smooth flow of foreign exchange earnings from exports and other eligible sources. It allows exporters and other eligible entities to retain a portion of their foreign exchange earnings in designated foreign currency accounts, known as Exchange Earners’ Foreign Currency (EEFC) accounts. These accounts can be used for various purposes, including:

Making payments for imports: Exporters can use their EEFC accounts to directly pay for imports, eliminating the need to convert their foreign exchange earnings into rupees. This can save them time and money.

Meeting overseas expenses: Indian companies with overseas branches or subsidiaries can use their EEFC accounts to meet their expenses in foreign currency.

Investing abroad: Exporters can invest a portion of their foreign exchange earnings in approved overseas investments, subject to certain conditions.

Key Features of EEST

Flexibility: Exporters have the flexibility to retain a portion of their foreign exchange earnings in EEFC accounts and use them for various purposes.

Convenience: EEFC accounts can be operated online, making it convenient for exporters to manage their foreign exchange earnings.

Cost-saving: Exporters can save on transaction costs by using their EEFC accounts to make payments for imports and meet overseas expenses.

Investment opportunities: Exporters can invest a portion of their foreign exchange earnings in approved overseas investments, potentially generating additional returns.

Eligibility for EEST

The following entities are eligible to avail the benefits of EEST:

Exporters of goods and services
Overseas tour operators
Foreign institutional investors (FIIs)
Non-resident Indians (NRIs)
Others as notified by the RBI

Get In Touch

Have a question or feedback? We’d love to hear from you!

info@invest360go.com

Error: Contact form not found.

Merger and Acquisition

Due Dilligance

Corporate Forms and Establishment Guide

Related Laws

Other services

Investment Guide

Reasons for Investing in Turkey

Business Cost

Investment in Industrial Zones

Incentive Guide

Electronic Incentive Application and Foreign Capital Information System (E-TUYS)

Smart Map

Sectoral Incentives

Currency Incentives

Tax Turkey

Double Taxation

Payroll

Immigration Service

info@invest360go.com