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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>ECB Cost Ceiling Unchanged for Banks Until Further Notice Under FEMA 1999; Inform Clients as Instructed.</h1> The circular addresses Authorized Dealer Category-I banks, informing them that the all-in-cost ceiling for External Commercial Borrowings (ECB), as outlined in a previous circular dated March 30, 2012, will remain effective until further review. All other ECB policy aspects are unchanged. Banks are instructed to inform their clients and constituents about the contents of this circular. The directions are issued under the Foreign Exchange Management Act, 1999, and do not affect any other required permissions or approvals under different laws.
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