https://www.taxtmi.com/circulars?id=52998 Recognised non resident lenders may extend external commercial borrowings in Indian rupees provided the lender mobilises rupees through swaps with an Authorised Dealer Category I bank; the ECB contract complies with conditions applicable to the automatic or approval routes; and the all in cost is commensurate with prevailing market conditions. Hedging arrangements for rupee ECBs from non resident equity holders continue to be governed by existing provisions. Lenders may set up representative offices in India to execute such swaps. en-us Wed, 03 Sep 2014 00:00:00 +0530 Thu, 04 Sep 2014 09:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52998 Recognised non resident lenders may extend external commercial borrowings in Indian rupees provided the lender mobilises rupees through swaps with an Authorised Dealer Category I bank; the ECB contract complies with conditions applicable to the automatic or approval routes; and the all in cost is commensurate with prevailing market conditions. Hedging arrangements for rupee ECBs from non resident equity holders continue to be governed by existing provisions. Lenders may set up representative offices in India to execute such swaps. Circulars FEMA Wed, 03 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52998