External Commercial Borrowings reform expands automatic-route access and permits INR-designated ECBs with specified end-use conditions. The circular expands automatic-route access for External Commercial Borrowings, permits INR-designated ECBs from overseas equity holders and continues INR-designated ECB access for microfinance NGOs; it recognises Interest During Construction as a permissible end-use for infrastructure companies provided IDC is capitalised and part of project cost, while other ECB parameters and reporting arrangements remain unchanged.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
External Commercial Borrowings reform expands automatic-route access and permits INR-designated ECBs with specified end-use conditions.
The circular expands automatic-route access for External Commercial Borrowings, permits INR-designated ECBs from overseas equity holders and continues INR-designated ECB access for microfinance NGOs; it recognises Interest During Construction as a permissible end-use for infrastructure companies provided IDC is capitalised and part of project cost, while other ECB parameters and reporting arrangements remain unchanged.
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