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    <title>External Commercial Borrowings (ECB) Policy</title>
    <link>https://www.taxtmi.com/circulars?id=6347</link>
    <description>The circular revises the ECB framework by modifying eligibility and procedural routes: extending Approval route access for integrated township developers; removing a lender direct lending ratio condition for NBFCs financing infrastructure while retaining Approval route scrutiny; allowing SEZ developers to obtain ECB for infrastructure within SEZs but excluding township and commercial real estate; and requiring corporates under ECB policy investigation to seek ECB only under the Approval route. All other ECB parameters and reporting obligations remain unchanged.</description>
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    <pubDate>Tue, 30 Jun 2009 00:00:00 +0530</pubDate>
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      <title>External Commercial Borrowings (ECB) Policy</title>
      <link>https://www.taxtmi.com/circulars?id=6347</link>
      <description>The circular revises the ECB framework by modifying eligibility and procedural routes: extending Approval route access for integrated township developers; removing a lender direct lending ratio condition for NBFCs financing infrastructure while retaining Approval route scrutiny; allowing SEZ developers to obtain ECB for infrastructure within SEZs but excluding township and commercial real estate; and requiring corporates under ECB policy investigation to seek ECB only under the Approval route. All other ECB parameters and reporting obligations remain unchanged.</description>
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      <pubDate>Tue, 30 Jun 2009 00:00:00 +0530</pubDate>
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