https://www.taxtmi.com/circulars?id=8222 Corporates in the hotel, hospital and software sectors may seek External Commercial Borrowings beyond the automatic limit under the Approval Route for foreign currency and/or rupee capital expenditure for permissible end uses; ECB proceeds must not be used for acquisition of land, and all existing ECB norms (eligible borrowers and lenders, end use, all in cost, maturity, prepayment, refinancing and reporting) continue to apply. The modification is effective immediately under FEMA authority. en-us Thu, 12 Aug 2010 00:00:00 +0530 Fri, 13 Aug 2010 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8222 Corporates in the hotel, hospital and software sectors may seek External Commercial Borrowings beyond the automatic limit under the Approval Route for foreign currency and/or rupee capital expenditure for permissible end uses; ECB proceeds must not be used for acquisition of land, and all existing ECB norms (eligible borrowers and lenders, end use, all in cost, maturity, prepayment, refinancing and reporting) continue to apply. The modification is effective immediately under FEMA authority. Circulars FEMA Thu, 12 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8222