https://www.taxtmi.com/circulars?id=57505 Public sector Oil Marketing Companies may raise external commercial borrowings for working capital under the automatic route from all recognised lenders with a specified minimum average maturity; individual borrower limits and mandatory hedging requirements are waived for this dispensation, subject to the OMCs maintaining a Board-approved forex mark-to-market procedure and prudent risk management policy, under an overall ceiling equivalent to USD 10 billion and with other ECB provisions unchanged. en-us Wed, 03 Oct 2018 00:00:00 +0530 Wed, 03 Oct 2018 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57505 Public sector Oil Marketing Companies may raise external commercial borrowings for working capital under the automatic route from all recognised lenders with a specified minimum average maturity; individual borrower limits and mandatory hedging requirements are waived for this dispensation, subject to the OMCs maintaining a Board-approved forex mark-to-market procedure and prudent risk management policy, under an overall ceiling equivalent to USD 10 billion and with other ECB provisions unchanged. Circulars FEMA Wed, 03 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57505