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        FEMA

        External Commercial Borrowings (ECB) Policy – Review of all-in-cost ceiling

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        All-in-cost ceiling for external commercial borrowings remains in force; AD Category I banks must notify constituents. The circular maintains the existing all-in-cost ceiling for External Commercial Borrowings until further review; AD Category I banks must notify constituents, other ECB policy aspects remain unchanged, and the directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, without prejudice to other legal permissions.
                          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.

                                All-in-cost ceiling for external commercial borrowings remains in force; AD Category I banks must notify constituents.

                                The circular maintains the existing all-in-cost ceiling for External Commercial Borrowings until further review; AD Category I banks must notify constituents, other ECB policy aspects remain unchanged, and the directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, without prejudice to other legal permissions.


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