Individual ECB limit counts proposed borrowings under automatic route; refinancing excluded and limit resets at start of new financial year. The proposed External Commercial Borrowing is included in an applicant's individual limit for raising ECBs under the automatic route for the same ... Summary
Individual ECB limit counts proposed borrowings under automatic route; refinancing excluded and limit resets at start of new financial year.
The proposed External Commercial Borrowing is included in an applicant's individual limit for raising ECBs under the automatic route for the same financial year; refinancing amounts are excluded from that calculation; and the limit is restored at the beginning of the next financial year.
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