https://www.taxtmi.com/circulars?id=2653 Utilisation of ECB proceeds is not permissible in real estate; the exemption for development of integrated townships is withdrawn. All-in-cost ceilings are reduced: three to five year maturities revised to 150 basis points and maturities over five years revised to 250 basis points over six-month LIBOR (or applicable benchmark). The changes apply immediately to ECBs under both the automatic and approval routes, are subject to review, and regulatory amendments will follow. en-us Mon, 21 May 2007 00:00:00 +0530 Mon, 06 Oct 2008 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2653 Utilisation of ECB proceeds is not permissible in real estate; the exemption for development of integrated townships is withdrawn. All-in-cost ceilings are reduced: three to five year maturities revised to 150 basis points and maturities over five years revised to 250 basis points over six-month LIBOR (or applicable benchmark). The changes apply immediately to ECBs under both the automatic and approval routes, are subject to review, and regulatory amendments will follow. Circulars FEMA Mon, 21 May 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2653