https://www.taxtmi.com/acts?id=33724 Borrowing in foreign exchange by residents distinguishes authorised dealers who may borrow abroad within Reserve Bank limits and directions, including to provide pre and post shipment export credit and to raise ECBs under Schedule I. Other eligible residents may raise ECBs under Schedule I; importers may obtain trade credit under Schedule II and the Foreign Trade Policy; banks abroad may lend for deferred export or turnkey projects where approvals conform to export regulations; statutory financial institutions require prior government approval for onward lending; individuals may borrow from relatives or for education abroad subject to Reserve Bank conditions. en-us Sat, 22 Dec 2018 13:33:06 +0530 Sat, 28 Jun 2025 10:22:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33724 Borrowing in foreign exchange by residents distinguishes authorised dealers who may borrow abroad within Reserve Bank limits and directions, including to provide pre and post shipment export credit and to raise ECBs under Schedule I. Other eligible residents may raise ECBs under Schedule I; importers may obtain trade credit under Schedule II and the Foreign Trade Policy; banks abroad may lend for deferred export or turnkey projects where approvals conform to export regulations; statutory financial institutions require prior government approval for onward lending; individuals may borrow from relatives or for education abroad subject to Reserve Bank conditions. Act-Rules FEMA Sat, 22 Dec 2018 13:33:06 +0530 https://www.taxtmi.com/acts?id=33724