https://www.taxtmi.com/circulars?id=5330 The definition of the Infrastructure sector for External Commercial Borrowings (ECB) is expanded to include mining, exploration and refining with immediate effect; all other ECB policy parameters (Automatic Route conditions, eligible borrowers and recognised lenders, permitted end-uses, maturity, prepayment/refinancing and reporting) remain unchanged. Amendments to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 will be separately notified and AD Category I banks must inform their constituents. Directions are issued under the Foreign Exchange Management Act, 1999. en-us Wed, 08 Oct 2008 00:00:00 +0530 Fri, 10 Oct 2008 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5330 The definition of the Infrastructure sector for External Commercial Borrowings (ECB) is expanded to include mining, exploration and refining with immediate effect; all other ECB policy parameters (Automatic Route conditions, eligible borrowers and recognised lenders, permitted end-uses, maturity, prepayment/refinancing and reporting) remain unchanged. Amendments to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 will be separately notified and AD Category I banks must inform their constituents. Directions are issued under the Foreign Exchange Management Act, 1999. Circulars FEMA Wed, 08 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5330