Foreign Currency Account for Suppliers of Inputs (FCASI)
Could be opened by Firms and Companies who supply material inputs to any Company earning foreign exchange including Board of Investment (BOI approved companies)
Complete the form, sign and present it to a Customer Centre convenient to you along with an undertaking from the Board of Directors of the Company to the effect that the Company is already engaged in supplying material inputs to other companies earning foreign exchange.
Credits permitted to an FCASI Account
Payments received in foreign exchange in the form of bank drafts and telegraphic transfers for material inputs supplied
Permitted Debits
Outward remittances on account of current transactions. (Related to payments made for services only)
Outward remittances for purchase of material inputs
