https://www.taxtmi.com/circulars?id=11810 The circular revises ECB eligibility and limits for repayment of rupee loans and fresh rupee capital expenditure by increasing the permissible ECB for an individual company to seventy-five per cent of average foreign exchange earnings over the immediate past three years or fifty per cent of the highest such earnings in any of those years, allows SPVs with at least one year of existence to avail up to fifty per cent of past year export earnings, and imposes a maximum per-company and group cap; other scheme conditions remain unchanged. en-us Tue, 11 Sep 2012 00:00:00 +0530 Wed, 12 Sep 2012 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11810 The circular revises ECB eligibility and limits for repayment of rupee loans and fresh rupee capital expenditure by increasing the permissible ECB for an individual company to seventy-five per cent of average foreign exchange earnings over the immediate past three years or fifty per cent of the highest such earnings in any of those years, allows SPVs with at least one year of existence to avail up to fifty per cent of past year export earnings, and imposes a maximum per-company and group cap; other scheme conditions remain unchanged. Circulars FEMA Tue, 11 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11810