Mix flour, granulated sugar, baking powder and salt in medium bowl; set aside.
Beat eggs and milk with wire whisk until well blended.
Add to flour mixture; mix well.
Let stand 10 min. Meanwhile, pour oil into deep fryer or large deep saucepan to 3-inch depth; heat to 375F.
Dip cookies, 1 at a time, into batter, allowing excess to drip back into bowl. Gently add cookies to hot oil. Fry, 3 to 4 at a time, until golden brown on both sides, turning over halfway through the cooking time.
Drain on paper towels; sprinkle with powdered sugar.