Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Master Circular: Guidelines for External Commercial Borrowings and Trade Credits under FEMA 1999 for Automatic and Approval Routes.</h1> The Master Circular consolidates guidelines on External Commercial Borrowings (ECBs) and Trade Credits under the Foreign Exchange Management Act, 1999. It details the procedures, eligibility, and conditions for borrowing under both automatic and approval routes. The circular outlines permissible end-uses, restrictions, reporting requirements, and compliance measures for ECBs, including specific provisions for entities like NGOs and Special Economic Zones. It also addresses the issuance of Foreign Currency Exchangeable Bonds and the refinancing of ECBs. The circular is valid for one year, after which it will be updated.