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        Case ID :
        Customs, DGFT & SEZ

        Data on ECB/FCCB for the month of April 2012

        June 14, 2012

        📋
        Contents
        Note

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         I AUTOMATIC ROUTE*

         

        ECB/ FCCB

        Borrower

        Equivalent Amount in USD

        Purpose

        Maturity Period (Appx)

        1

        ECB

        Mainetti India Pvt Ltd., 

        314,193

        Rupee Expenditure Loc.CG 

        8 Years 1 Month

        2

        ECB

        Velan Valves India Private Limited

        4,500,000

        Import of Capital Goods

        6 Years

        3

        ECB

        Pengg Usha Martin Wires Pvt.Ltd.

        2,105,676

        Modernisation

        4 Years 8 Months

        4

        ECB

        Noble Natural Resources India Pvt. Ltd.#

        20,000,000

        Rupee Expenditure Loc.CG 

        9 Years

        5

        ECB

        Shahi Exports Pvt. Ltd.

        20,000,000

        Modernisation

        9 Years 10 Months

        6

        ECB

        Solarfield Energy Private Limited

        11,000,000

        Rupee Expenditure Loc.CG 

        11 Years 3 Months

        7

        ECB

        Piaggio Vehicles Pvt. Ltd.

        17,850,000

        Rupee Expenditure Loc.CG 

        7 Years 4 Months

        8

        ECB

        Flometallic India Ltd.

        3,750,000

        New Project 

        5 Years 5 Months

        9

        ECB

        Mach Aero Components Pvt. Ltd.

        1,105,480

        New Project 

        7 Years 10 Months

        10

        ECB

        Bando India Private Limited

        7,800,000

        Modernisation

        5 Years 8 Months

        11

        ECB

        JayShree Tea & Industries Ltd. 

        5,000,000

        Rupee Expenditure Loc.CG 

        5 Years

        12

        ECB

        Aarvee Denims & Exports Ltd.

        5,000,000

        Redemption of FCCBs

        5 Years

        13

        ECB

        John Energy Ltd

        6,000,000

        Modernisation

        5 Years

        14

        ECB

        Jacquard Fabrics (India)Pvt. Ltd.

        500,000

        Modernisation

        6 Years 10 Months

        15

        ECB

        Jacquard Fabrics (India)Pvt. Ltd.

        500,000

        Modernisation

        6 Years 10 Months

        16

        ECB

        Indo Baijin Chemicals Pvt. Ltd.

        12,500,000

        New Project 

        7 Years 4 Months

        17

        ECB

        Scania Commercial Vehicles India Pvt Ltd

        16,694,942

        Rupee Expenditure Loc.CG 

        3 Years 11 Months

        18

        ECB

        Haworth India Private Limited

        5,000,000

        Rupee Expenditure Loc.CG 

        4 Years 10 Months

        19

        ECB

        BTR Packaging Pvt. Ltd.

        300,000

        Rupee Expenditure Loc.CG 

        4 Years 9 Months

        20

        ECB

        Nippon Steel Pipe India Pvt.Ltd.

        13,000,000

        Import of Capital Goods

        7 Years 6 Months

        21

        ECB

        Nippon Steel Pipe India Pvt.Ltd.

        13,500,000

        Import of Capital Goods

        7 Years 7 Months

        22

        ECB

        Bhushan Steel  Limited

        5,033,883

        Import of Capital Goods

        7 Years 2 Months

        23

        ECB

        WNS Global Services Pvt. Ltd. #

        7,000,000

        Import of Capital Goods

        3 Years 4 Months

        24

        ECB

        Star Cement Meghalaya  Ltd.

        12,200,000

        New Project 

        7 Years 9 Months

        25

        ECB

        Abdos Labtech Private Limited

        2,500,000

        Modernisation

        5 Years

        26

        ECB

        Nucon Industries Private Limited

        329,012

        Modernisation

        5 Years 1 Month

        27

        ECB

        Eurecat India Catalyst Services Private

        9,254,826

        New Project 

        5 Years 3 Months

        28

        ECB

        IRB Ahmedabad Vadodara Super Exp Tollway

        100,000,000

        Road

        7 Years 1 Month

        29

        ECB

        Everest Industries Limited

        12,000,000

        Modernisation

        4 Years 9 Months

        30

        ECB

        Craftsman Automation Pvt.Ltd.

        6,000,000

        Import of Capital Goods

        5 Years

        31

        ECB

        Gulbarga Power Pvt. Ltd.

        15,792,574

        Rupee Expenditure Loc.CG 

        13 Years 1 Month

        32

        ECB

        Zahoransky  Moulds & Machines Pvt.L

        394,814

        New Project 

        6 Years 1 Month

        33

        ECB

        JSW Steel Ltd.

        63,683,746

        Import of Capital Goods

        11 Years 7 Months

        34

        ECB

        JSW Steel Ltd.

        63,723,140

        Import of Capital Goods

        11 Years 8 Months

        35

        ECB

        JSW Steel Ltd.

        50,872,587

        Modernisation

        6 Years 2 Months

        36

        ECB

        Rane Engine Valve Ltd.

        5,000,000

        Modernisation

        5 Years

        37

        ECB

        Behr- Hella Thermocontrol India Pvt. Ltd

        460,617

        Rupee Expenditure Loc.CG 

        3 Years 8 Months

        38

        ECB

        Liebherr CMCtec India Pvt. Ltd.

        1,316,048

        New Project 

        4 Years 8 Months

        39

        ECB

        Interlink Petroleum Ltd.  # 

        1,000,000

        Other

        4 Years

        40

        ECB

        Claris Lifesciences Ltd.

        10,000,000

        Modernisation

        5 Years

        41

        ECB

        RHI Clasil Ltd.

        1,316,048

        Modernisation

        6 Years

        42

        ECB

        Ambattur Developers Private Limited

        6,000,000

        Import of Capital Goods

        4 Years 10 Months

        43

        ECB

        Jindal Aluminium Ltd.

        20,000,000

        New Project 

        10 Years 10 Months

        44

        ECB

        Exedy India Ltd.

        1,000,000

        Rupee Expenditure Loc.CG 

        4 Years

        45

        ECB

        Sadbhav Engineering Ltd.

        10,000,000

        New Project 

        10 Years

        46

        ECB

        Taeyang Metal India Pvt.Ltd.

        4,842,984

        Import of Capital Goods

        5 Years 4 Months

        47

        ECB

        Bangalore Metro Rail Corporation Limited

        250,000,000

        Railways

        18 Years 8 Months

        48

        ECB

        Teva API India Ltd.

        48,000,000

        Modernisation

        13 Years 3 Months

        49

        ECB

        NTL Logistics Plus India Pvt. Ltd.

        60,000

        Rupee Expenditure Loc.CG 

        3 Years 5 Months

        50

        ECB

        Posco Maharashtra Steel Pvt. Ltd.

        243,069,000

        Import of Capital Goods   

        8 Years 1 Month

        51

        ECB

        Posco Maharashtra Steel Pvt. Ltd.

        180,000,000

        Import of Capital Goods

        8 Years 1 Month

        52

        ECB

        Three Bond India Pvt. Ltd.

        1,200,000

        Rupee Expenditure Loc.CG 

        5 Years

        53

        ECB

        Gindre India Components Pvt. Ltd.

        171,086

        Rupee Expenditure Loc.CG 

        6 Years

        54

        ECB

        Kobelco Cranes India Pvt.Ltd.

        2,362,742

        Import of Capital Goods

        7 Years 1 Month

        55

        ECB

        Polyhose India P. Ltd.

        1,511,435

        Import of Capital Goods

        5 Years 7 Months

        56

        ECB

        Meneta Automotive Components Pvt Ltd.

        2,105,676

        Rupee Expenditure Loc.CG  

        4 Years 11 Months

        57

        ECB

        Larsen & Toubro Limited

        100,000,000

        Rupee Expenditure Loc.CG 

        6 Years 3 Months

        58

        ECB

        Hyundai Sealtech Manufacturing Pvt.Ltd.

        1,500,000

        Import of Capital Goods

        5 Years

        59

        ECB

        Allied Refractory Products India Pvt. Lt

        4,000,000

        New Project 

        8 Years

        60

        ECB

        FEV India Pvt. Ltd.

        105,284

        Rupee Expenditure Loc.CG 

        3 Years 1 Month

        61

        ECB

        Samson Maritime Ltd. 

        6,750,000

        Import of Capital Goods

        7 Years 1 Month

        62

        ECB

        Refu Solar Electronics Private Limited

        526,419

        New Project  

        3 Years 5 Months

        63

        ECB

        IAC International Automotive India P. L.

        8,500,000

        New Project 

        7 Years 9 Months

        64

        ECB

        The Andhra  Pradesh Paper Mills Ltd

        14,000,000

        Modernisation

        5 Years 9 Months

        65

        FCCB

        3i Infotech Ltd.

        130,000,000

        Redemption of FCCBs

        5 Years

        66

        ECB

        Lanco Industries Ltd

        10,000,000

        Modernisation

        5 Years

        67

        ECB

        Monnet Power Company Ltd.

        25,000,000

        New Project 

        8 Years 1 Month

        68

        ECB

        Sunrise Containers Ltd

        2,000,000

        Rupee Expenditure Loc.CG 

        5 Years

        69

        ECB

        Sekisui Dljm Molding Pvt. Ltd.

        360,000

        Rupee Expenditure Loc.CG 

        5 Years

        70

        ECB

        Compact India Pvt. Ltd. #

        111,502

        Rupee Expenditure Loc.CG 

        6 Years 9 Months

        71

        ECB

        Renault Nissan Automotive India Pvt. Ltd

        13,510,358

        Rupee Expenditure Loc.CG 

        5 Years

         

         

        Automatic Route Total

        1,620,984,073

         

         

        * Based on Form 83 submitted for allotment of Loan Registration Number

        # Clarification sought from the company for conformity with the end-use requirement, eligibility of the borrower and other parameter of ECB

         

        II APPROVAL ROUTE*

        1

        ECB

        MTU India Pvt. Ltd.

        987,036

        Modernisation

        5 Years  11 Months

        2

        ECB

        Bharat Forge Limited.

        40,000,000

        Redemption of FCCBs

        5 Years  7 Months

        3

        ECB

        Power Grid Corpn. of India Ltd

        250,000,000

        Power

        14 Years  11 Months

        4

        ECB

        Dana India Technical Centre Pvt. Ltd.

        25,000,000

        New Project 

        5 Years  11 Months

        5

        ECB

        Go Airlines (India ) Ltd.

        795,070,921

        Import of Capital Goods

        8 Years  3 Months

         

         

        Approval Route Total

        1,111,057,957

         

         

         

         

        Grand Total

        2,732,042,030

         

         

        External Commercial Borrowings list of borrower approvals, end uses and maturities under automatic and approval routes. Listing of borrower-wise approvals for External Commercial Borrowings and one FCCB redemption for April 2012, specifying equivalent USD amounts, declared end-uses (import of capital goods, modernisation, new projects, rupee expenditure/local capital goods, infrastructure, FCCB redemption) and approximate maturities. Entries are categorised under the automatic route and the approval route, with totals for each route and a grand total; several entries are noted as requiring company clarification to confirm end-use conformity and borrower eligibility, and entries are based on Form 83 for Loan Registration Number allotment.
                          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 list of borrower approvals, end uses and maturities under automatic and approval routes.

                                Listing of borrower-wise approvals for External Commercial Borrowings and one FCCB redemption for April 2012, specifying equivalent USD amounts, declared end-uses (import of capital goods, modernisation, new projects, rupee expenditure/local capital goods, infrastructure, FCCB redemption) and approximate maturities. Entries are categorised under the automatic route and the approval route, with totals for each route and a grand total; several entries are noted as requiring company clarification to confirm end-use conformity and borrower eligibility, and entries are based on Form 83 for Loan Registration Number allotment.





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                                ActsIncome Tax
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