Refinancing under auto route permitted for external commercial borrowings raised under approval route, subject to compliance with applicable guidelines. Refinancing or partial refinancing of external commercial borrowings originally contracted under the approval route may be undertaken under the auto route ... Summary
Refinancing under auto route permitted for external commercial borrowings raised under approval route, subject to compliance with applicable guidelines.
Refinancing or partial refinancing of external commercial borrowings originally contracted under the approval route may be undertaken under the auto route provided the borrower complies with the applicable ECB and trade credit guidelines and fulfills procedural and documentary requirements specified in the governing framework.
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