External Commercial Borrowings reporting requires simplified ECB return hedging disclosures; non-compliance constitutes FEMA contravention, effective month-end. Simplifies Part E of the ECB 2 Return to record standard hedged and unhedged ECB exposures, requiring hedging details in Part E.1 and foreign exchange earnings/expenditure in Part E.2 to be reported in an additive format and for natural hedge reporting to follow prior circular provisions. The revised format is effective from the month-end June 2018 reporting cycle; AD Category I banks must inform constituents, and lapses in submission or timing of the ECB 2 Return or Form 83 reporting constitute contraventions of the Foreign Exchange Management Act.