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of <h1>RBI Circular: SEZ Units Allowed to Raise External Commercial Borrowings Under Strict Guidelines, Ensuring Proper Fund Use.</h1> The Reserve Bank of India issued a circular regarding External Commercial Borrowings (ECBs) by units in Special Economic Zones (SEZs). Units in SEZs are permitted to raise ECBs following the Government of India guidelines, ensuring the borrowed funds are used solely for their own requirements. These funds must not be transferred or lent to sister concerns or other units in the Domestic Tariff Area. Authorized dealers are instructed to inform relevant parties of these conditions. The circular is issued under the Foreign Exchange Management Act 1999.
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