https://www.taxtmi.com/circulars?id=12040 The ECB policy is amended to include hotel sector companies meeting the prescribed project cost threshold as eligible to avail ECBs for repayment of outstanding Rupee loans and for fresh Rupee capital expenditure; AD Category-I banks must certify project cost when forwarding ECB applications. All other aspects of the existing scheme remain unchanged, the amendment is effective immediately and issued under the Foreign Exchange Management Act. en-us Mon, 21 Jan 2013 00:00:00 +0530 Tue, 22 Jan 2013 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=12040 The ECB policy is amended to include hotel sector companies meeting the prescribed project cost threshold as eligible to avail ECBs for repayment of outstanding Rupee loans and for fresh Rupee capital expenditure; AD Category-I banks must certify project cost when forwarding ECB applications. All other aspects of the existing scheme remain unchanged, the amendment is effective immediately and issued under the Foreign Exchange Management Act. Circulars FEMA Mon, 21 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=12040