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    <title>External Commercial Borrowings – Simplification of procedure.</title>
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    <description>Designated Authorised Dealer Category I banks are empowered to cancel Loan Registration Numbers with DSIM where no drawdown has occurred and ECB 2 returns are submitted, and to approve end use changes for ECBs under the automatic route provided the new end use is permissible, other ECB terms remain unchanged, the ECB complies with guidelines, and ECB 2 returns are upto date; monitoring and reporting to DSIM in Form 83 remain required and approval route end use changes continue to be referred to the RBI Foreign Exchange Department.</description>
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