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of <h1>New Reporting Rules for Bank Guarantees and External Commercial Borrowings for Indian Companies Under A.P.DIR Circular No.24</h1> The reporting requirements for bank guarantees invoked by Authorized Dealers (ADs) and details related to External Commercial Borrowings (ECB) for Indian companies. It includes various forms for reporting such as Form ECB for raising ECB under the Approval Route, ECB 2 Return for actual transactions, and Form TC for trade credit details. It also specifies the issuance of bank guarantees, buyer's credit, supplier's credit, and trade credits for periods less than three years, particularly for the import of capital goods. The document is part of compliance with the A.P.DIR Series circular No.24 dated November 1, 2004.
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