CASH CREDIT ACCOUNT UTILISATION
This query is : Open
11 June 2016
out of the cc credit balance we can make fixed deposit for import or export in the bank or not ?? why??
11 June 2016
Dear Akshay,
If your business includes import export and the said fixed deposit is a requisite for proper functioning of the import export operation then you can use the cc for it as the cc funds are being used for business purpose.
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