https://www.taxtmi.com/circulars?id=2076 The circular prohibits use of ECB for working capital, general corporate purpose and repayment of rupee loans, fixes the Automatic Route ceiling at USD 500 million per financial year, mandates monthly submission of the ECB 2 Return certified by the designated Authorised Dealer within seven working days of month end (applicable to existing borrowers from January 2004), assigns primary compliance responsibility to borrowers with ADs certifying conformity, and authorises ADs to approve cost neutral repayment elongation for certain erstwhile small limit ECBs with lender consent, reporting such approvals to the Reserve Bank and in ECB 2. en-us Thu, 01 Apr 2004 00:00:00 +0530 Sat, 04 Oct 2008 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2076 The circular prohibits use of ECB for working capital, general corporate purpose and repayment of rupee loans, fixes the Automatic Route ceiling at USD 500 million per financial year, mandates monthly submission of the ECB 2 Return certified by the designated Authorised Dealer within seven working days of month end (applicable to existing borrowers from January 2004), assigns primary compliance responsibility to borrowers with ADs certifying conformity, and authorises ADs to approve cost neutral repayment elongation for certain erstwhile small limit ECBs with lender consent, reporting such approvals to the Reserve Bank and in ECB 2. Circulars FEMA Thu, 01 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2076