Refinancing at higher all-in-cost for external commercial borrowings is discontinued; lower-cost refinancing options remain available. Eligible borrowers are no longer permitted to raise fresh ECB at a higher all-in-cost to refinance or reschedule existing ECBs with effect from October 1, 2013; the option to refinance by raising fresh ECB at a lower all-in-cost, provided the outstanding maturity of the original ECB is maintained or extended, continues under the automatic and approval routes, and all other ECB policy provisions remain unchanged.
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.
Refinancing at higher all-in-cost for external commercial borrowings is discontinued; lower-cost refinancing options remain available.
Eligible borrowers are no longer permitted to raise fresh ECB at a higher all-in-cost to refinance or reschedule existing ECBs with effect from October 1, 2013; the option to refinance by raising fresh ECB at a lower all-in-cost, provided the outstanding maturity of the original ECB is maintained or extended, continues under the automatic and approval routes, and all other ECB policy provisions remain unchanged.
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