https://www.taxtmi.com/forum/issue?id=2886 Conversion of trade payables into External Commercial Borrowing requires an application to the bank for sanction of the ECB proposal or conversion of an existing term loan. If the sanctioned amount is within prescribed limits the transaction proceeds under the Automatic Route; amounts beyond limits require regulatory approval. Interest rates depend on ECB maturity and repayment terms. ECB may be used for working capital (buyers' credit/suppliers' credit) or for project-related capital expenditure. en-us Fri, 11 Mar 2011 09:01:41 +0530 Thu, 23 Jan 2025 15:58:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2886 Conversion of trade payables into External Commercial Borrowing requires an application to the bank for sanction of the ECB proposal or conversion of an existing term loan. If the sanctioned amount is within prescribed limits the transaction proceeds under the Automatic Route; amounts beyond limits require regulatory approval. Interest rates depend on ECB maturity and repayment terms. ECB may be used for working capital (buyers' credit/suppliers' credit) or for project-related capital expenditure. Discussion-Forum FEMA Fri, 11 Mar 2011 09:01:41 +0530 https://www.taxtmi.com/forum/issue?id=2886