https://www.taxtmi.com/circulars?id=11600 Amendments to the External Commercial Borrowings (ECB) policy allow power-sector companies to use a portion of fresh ECBs for refinancing rupee loans under the approval route, provided a majority of proceeds fund fresh infrastructure capital expenditure, and permit ECBs under the automatic route for maintenance and operation of toll systems when part of the original project; all other ECB parameters and reporting requirements remain unchanged. en-us Fri, 20 Apr 2012 00:00:00 +0530 Sat, 21 Apr 2012 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11600 Amendments to the External Commercial Borrowings (ECB) policy allow power-sector companies to use a portion of fresh ECBs for refinancing rupee loans under the approval route, provided a majority of proceeds fund fresh infrastructure capital expenditure, and permit ECBs under the automatic route for maintenance and operation of toll systems when part of the original project; all other ECB parameters and reporting requirements remain unchanged. Circulars FEMA Fri, 20 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11600