https://www.taxtmi.com/forum/issue?id=5168 External currency borrowing with a cross currency swap converted into INR raises issues on ECB compliance, accounting for extra INR interest from the swap, and whether interest may be capitalized into project costs while the project remains in pre construction without land or machinery; the query requests treatment under company law, income tax law, and central bank regulations and notes case specific professional advice is required. en-us Thu, 10 Jan 2013 15:57:49 +0530 Thu, 23 Jan 2025 15:57:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5168 External currency borrowing with a cross currency swap converted into INR raises issues on ECB compliance, accounting for extra INR interest from the swap, and whether interest may be capitalized into project costs while the project remains in pre construction without land or machinery; the query requests treatment under company law, income tax law, and central bank regulations and notes case specific professional advice is required. Discussion-Forum FEMA Thu, 10 Jan 2013 15:57:49 +0530 https://www.taxtmi.com/forum/issue?id=5168