External commercial borrowings consolidation: master circular unifies instructions and imposes a sunset for replacement within a year. External commercial borrowings and trade credits for residents are governed by provisions of the Foreign Exchange Management Act; the Master Circular consolidates all existing instructions into one document with the underlying circulars and notifications listed in an appendix and is issued with a sunset clause to be withdrawn and replaced after one year.
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 consolidation: master circular unifies instructions and imposes a sunset for replacement within a year.
External commercial borrowings and trade credits for residents are governed by provisions of the Foreign Exchange Management Act; the Master Circular consolidates all existing instructions into one document with the underlying circulars and notifications listed in an appendix and is issued with a sunset clause to be withdrawn and replaced after one year.
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