External Commercial Borrowings liberalisation allows hotels, hospitals and software firms to seek larger capital-expense loans under approval route. Corporates in the hotel, hospital and software sectors may seek External Commercial Borrowings beyond the automatic limit under the Approval Route for foreign currency and/or rupee capital expenditure for permissible end uses; ECB proceeds must not be used for acquisition of land, and all existing ECB norms (eligible borrowers and lenders, end use, all in cost, maturity, prepayment, refinancing and reporting) continue to apply. The modification is effective immediately under FEMA authority.
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 liberalisation allows hotels, hospitals and software firms to seek larger capital-expense loans under approval route.
Corporates in the hotel, hospital and software sectors may seek External Commercial Borrowings beyond the automatic limit under the Approval Route for foreign currency and/or rupee capital expenditure for permissible end uses; ECB proceeds must not be used for acquisition of land, and all existing ECB norms (eligible borrowers and lenders, end use, all in cost, maturity, prepayment, refinancing and reporting) continue to apply. The modification is effective immediately under FEMA authority.
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