https://www.taxtmi.com/circulars?id=5476 External Commercial Borrowings policy temporarily dispenses with all-in-cost ceilings until June 30, 2009, allowing applicants exceeding prior ceilings to seek approvals; permits ECB for development of integrated townships under the Approval Route with minimum area or dwelling-unit thresholds; allows NBFCs exclusively financing infrastructure to on-lend ECBs from specified multilateral and government-owned development lenders subject to a 3:1 direct-lending-to-ECB-lending ratio and lender certification; and moves Hotels, Hospitals and Software corporates to the Automatic Route for eligible capital expenditure (excluding land), while other ECB terms and reporting remain unchanged. en-us Fri, 02 Jan 2009 00:00:00 +0530 Fri, 30 Oct 2009 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5476 External Commercial Borrowings policy temporarily dispenses with all-in-cost ceilings until June 30, 2009, allowing applicants exceeding prior ceilings to seek approvals; permits ECB for development of integrated townships under the Approval Route with minimum area or dwelling-unit thresholds; allows NBFCs exclusively financing infrastructure to on-lend ECBs from specified multilateral and government-owned development lenders subject to a 3:1 direct-lending-to-ECB-lending ratio and lender certification; and moves Hotels, Hospitals and Software corporates to the Automatic Route for eligible capital expenditure (excluding land), while other ECB terms and reporting remain unchanged. Circulars FEMA Fri, 02 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5476