https://www.taxtmi.com/circulars?id=7854 The circular modifies the External Commercial Borrowings (ECB) policy: it restores all-in-cost ceilings under the approval route from January 1, 2010 with maturity based caps; extends approval-route ECB access for integrated township developers until December 31, 2010; discontinues FCCB buyback permissions from January 1, 2010; allows NBFCs exclusively financing infrastructure to raise ECB from recognised lenders including international banks subject to prudential norms and full currency hedging with AD Category I bank certification; and permits ECB for payment for telecom spectrum allocation, while other ECB conditions remain unchanged. en-us Wed, 09 Dec 2009 00:00:00 +0530 Thu, 10 Dec 2009 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7854 The circular modifies the External Commercial Borrowings (ECB) policy: it restores all-in-cost ceilings under the approval route from January 1, 2010 with maturity based caps; extends approval-route ECB access for integrated township developers until December 31, 2010; discontinues FCCB buyback permissions from January 1, 2010; allows NBFCs exclusively financing infrastructure to raise ECB from recognised lenders including international banks subject to prudential norms and full currency hedging with AD Category I bank certification; and permits ECB for payment for telecom spectrum allocation, while other ECB conditions remain unchanged. Circulars FEMA Wed, 09 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7854