India Introduces Changes to EEFC Account Norms The Indian Government has introduced changes to the Exchange Earners' Foreign Currency Account (EEFC) norms. As part of the revision, exporters or individual professionals who have an EEFC account will now have to convert 50 percent of their balances into rupee balances, and they will also be given permission to purchase foreign exchange by accessing the forex market only after extinguishing their existing EEFC account balances. in Public bookmarkswith businesscomplianceeuexpansionfinancehrinternationaloutsourcedprpressreleaserulesvat