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FEMA ACT, 1999

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Querist : Anonymous (Querist)
26 June 2011 What is Dividend Balancing

28 June 2011 Hello,

Earlier , Industrial units operating in 22 consumer-products industries were subject to dividend balancing with the matching export earnings for seven years.Dividend balancing had been abolished dividend balancing July 2000.

Under this , the aggregate of outflow of foreign exchange for dividend purpose should not be more than the aggregate of export earnings of these industrial units .

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