External Commercial Borrowings: eligible borrowers may raise both foreign currency and INR ECBs if ECB guidelines are complied with. An eligible borrower may raise both foreign currency and INR denominated ECBs concurrently provided each borrowing complies with the ECB guidelines applicable to its currency as prescribed by the Reserve Bank; the borrower's individual ECB limit aggregates all ECBs irrespective of currency and must be observed for eligibility and compliance.
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: eligible borrowers may raise both foreign currency and INR ECBs if ECB guidelines are complied with.
An eligible borrower may raise both foreign currency and INR denominated ECBs concurrently provided each borrowing complies with the ECB guidelines applicable to its currency as prescribed by the Reserve Bank; the borrower's individual ECB limit aggregates all ECBs irrespective of currency and must be observed for eligibility and compliance.
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