https://www.taxtmi.com/news?id=3115 A temporary facility permits aviation companies to obtain External Commercial Borrowings for working capital and to refinance rupee working capital loans subject to a sectoral aggregate ceiling and individual company caps; approvals are granted under the approval route based on cash flows and ability to repay from foreign exchange earnings, and the monetary authority may relax average maturity requirements for larger ECBs while issuing implementation instructions. en-us Thu, 19 Apr 2012 17:32:56 +0530 Thu, 19 Apr 2012 17:32:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3115 A temporary facility permits aviation companies to obtain External Commercial Borrowings for working capital and to refinance rupee working capital loans subject to a sectoral aggregate ceiling and individual company caps; approvals are granted under the approval route based on cash flows and ability to repay from foreign exchange earnings, and the monetary authority may relax average maturity requirements for larger ECBs while issuing implementation instructions. News - Thu, 19 Apr 2012 17:32:56 +0530 https://www.taxtmi.com/news?id=3115