https://www.taxtmi.com/news?id=1087 Permits successful telecom bidders to pay spectrum allocation fees from Rupee resources and thereafter refinance that payment with a long term ECB under the approval route, subject to raising the ECB within twelve months, Authorised Dealers monitoring end use, prohibition on domestic bank guarantees, and compliance with all other ECB conditions; amendment effective upon RBI notification under the Foreign Exchange Management Act. en-us Mon, 25 Jan 2010 18:53:29 +0530 Mon, 25 Jan 2010 18:53:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1087 Permits successful telecom bidders to pay spectrum allocation fees from Rupee resources and thereafter refinance that payment with a long term ECB under the approval route, subject to raising the ECB within twelve months, Authorised Dealers monitoring end use, prohibition on domestic bank guarantees, and compliance with all other ECB conditions; amendment effective upon RBI notification under the Foreign Exchange Management Act. News - Mon, 25 Jan 2010 18:53:29 +0530 https://www.taxtmi.com/news?id=1087