External Commercial Borrowings: delegated approval for LRN cancellations and permissible end use changes, subject to compliance and reporting. Designated Authorised Dealer Category I banks are empowered to cancel Loan Registration Numbers with DSIM where no drawdown has occurred and ECB 2 returns are submitted, and to approve end use changes for ECBs under the automatic route provided the new end use is permissible, other ECB terms remain unchanged, the ECB complies with guidelines, and ECB 2 returns are upto date; monitoring and reporting to DSIM in Form 83 remain required and approval route end use changes continue to be referred to the RBI Foreign Exchange Department.
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: delegated approval for LRN cancellations and permissible end use changes, subject to compliance and reporting.
Designated Authorised Dealer Category I banks are empowered to cancel Loan Registration Numbers with DSIM where no drawdown has occurred and ECB 2 returns are submitted, and to approve end use changes for ECBs under the automatic route provided the new end use is permissible, other ECB terms remain unchanged, the ECB complies with guidelines, and ECB 2 returns are upto date; monitoring and reporting to DSIM in Form 83 remain required and approval route end use changes continue to be referred to the RBI Foreign Exchange Department.
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