https://www.taxtmi.com/circulars?id=52879 The Master Circular prescribes that ECBs, FCCBs, FCEBs and Trade Credits are governed under FEMA/RBI rules and may be raised via the Automatic Route (eligible corporates, NBFCs, MFIs, NGOs, SEZ units from recognised lenders subject to amount, maturity, all in cost and end use limits) or the Approval Route (for proposals outside automatic limits or by specified entities). It defines recognised lenders and eligible end uses (capital investment, infrastructure, specified services, overseas JV/WOS, IDC), prohibits certain end uses (capital market investment, real estate, general corporate purpose save exceptions), sets all in cost ceilings, security/guarantee rules, parking of proceeds, prepayment/refinance conditions, reporting (LRN, Form 83/ECB 2) and delegates procedural powers to AD Category I banks. en-us Tue, 01 Jul 2014 00:00:00 +0530 Thu, 18 Jun 2015 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52879 The Master Circular prescribes that ECBs, FCCBs, FCEBs and Trade Credits are governed under FEMA/RBI rules and may be raised via the Automatic Route (eligible corporates, NBFCs, MFIs, NGOs, SEZ units from recognised lenders subject to amount, maturity, all in cost and end use limits) or the Approval Route (for proposals outside automatic limits or by specified entities). It defines recognised lenders and eligible end uses (capital investment, infrastructure, specified services, overseas JV/WOS, IDC), prohibits certain end uses (capital market investment, real estate, general corporate purpose save exceptions), sets all in cost ceilings, security/guarantee rules, parking of proceeds, prepayment/refinance conditions, reporting (LRN, Form 83/ECB 2) and delegates procedural powers to AD Category I banks. Circulars FEMA Tue, 01 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52879