All-in-cost ceiling must be maintained continuously; averaging across periods to meet the ceiling is not permitted under ECB compliance. The all-in-cost ceiling for External Commercial Borrowings and trade credits must be complied with at all times; a breach in one period cannot be offset by lower all-in-costs in another period to achieve average compliance, and averaging across periods is not permitted.
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.
All-in-cost ceiling must be maintained continuously; averaging across periods to meet the ceiling is not permitted under ECB compliance.
The all-in-cost ceiling for External Commercial Borrowings and trade credits must be complied with at all times; a breach in one period cannot be offset by lower all-in-costs in another period to achieve average compliance, and averaging across periods is not permitted.
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