https://www.taxtmi.com/acts?id=33724 Foreign-exchange borrowing from outside India is permitted for Authorised Dealers, eligible resident entities, importers, specified project and export arrangements, statutory financial institutions, and resident individuals, subject to applicable conditions. Authorised Dealers and eligible resident entities may raise external commercial borrowings under Schedule I, while importers may raise trade credit under Schedule II. Financial institutions require prior Government approval for foreign-exchange borrowing for onward lending. Resident individuals may borrow from overseas relatives, and students abroad may obtain overseas education loans, within the prescribed limit and conditions. en-us Sat, 22 Dec 2018 13:33:06 +0530 Tue, 08 Sep 2026 12:08:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33724 Foreign-exchange borrowing from outside India is permitted for Authorised Dealers, eligible resident entities, importers, specified project and export arrangements, statutory financial institutions, and resident individuals, subject to applicable conditions. Authorised Dealers and eligible resident entities may raise external commercial borrowings under Schedule I, while importers may raise trade credit under Schedule II. Financial institutions require prior Government approval for foreign-exchange borrowing for onward lending. Resident individuals may borrow from overseas relatives, and students abroad may obtain overseas education loans, within the prescribed limit and conditions. Act-Rules FEMA Sat, 22 Dec 2018 13:33:06 +0530 https://www.taxtmi.com/acts?id=33724