https://www.taxtmi.com/circulars?id=2797 Borrowings above a specified large-value threshold per borrower per financial year are permitted only for foreign-currency expenditures for permissible end-uses and must be parked overseas rather than remitted to India; this applies under both the Automatic and Approval Routes. ECB below that threshold may be used for foreign-currency expenditures under the Automatic Route with proceeds parked overseas, while rupee use of such funds requires prior Reserve Bank approval under the Approval Route and funds remain parked overseas until needed. en-us Tue, 07 Aug 2007 00:00:00 +0530 Mon, 06 Oct 2008 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2797 Borrowings above a specified large-value threshold per borrower per financial year are permitted only for foreign-currency expenditures for permissible end-uses and must be parked overseas rather than remitted to India; this applies under both the Automatic and Approval Routes. ECB below that threshold may be used for foreign-currency expenditures under the Automatic Route with proceeds parked overseas, while rupee use of such funds requires prior Reserve Bank approval under the Approval Route and funds remain parked overseas until needed. Circulars FEMA Tue, 07 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2797