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CASH CREDIT ACCOUNT UTILISATION

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(Querist)
11 June 2016 out of the cc credit balance we can make fixed deposit for import or export in the bank or not ?? why??
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Kaushik Joshi

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Kaushik Joshi (Expert)
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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