All-in-cost ceiling for external commercial borrowings continues under ECB policy, with other provisions remaining unchanged and reviewable. The circular directs that the existing all-in-cost ceiling for External Commercial Borrowings remains applicable until December thirty-first, two thousand fourteen and will be reviewed thereafter; all other ECB policy provisions remain unchanged. Category I Authorized Dealer banks must notify their constituents and customers. The directions are issued under the Foreign Exchange Management Act, 1999 and do not affect other legal permissions or approvals.
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 continues under ECB policy, with other provisions remaining unchanged and reviewable.
The circular directs that the existing all-in-cost ceiling for External Commercial Borrowings remains applicable until December thirty-first, two thousand fourteen and will be reviewed thereafter; all other ECB policy provisions remain unchanged. Category I Authorized Dealer banks must notify their constituents and customers. The directions are issued under the Foreign Exchange Management Act, 1999 and do not affect other legal permissions or approvals.
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