https://www.taxtmi.com/circulars?id=62020 External Commercial Borrowings (ECB) end use restrictions are relaxed: ECBs of minimum average maturity ten years permitted for working capital and general corporate purposes (including NBFC on lending); ECBs of minimum average maturity seven years permitted for repayment of rupee loans used for capital expenditure (including NBFC on lending), while repayment of rupee loans for non capital purposes requires ten year ECBs. SMA 2/NPA rupee loans in manufacturing and infrastructure may be repaid under one time settlement and assigned to eligible ECB lenders, subject to all in cost, maturity and other ECB norms. en-us Tue, 30 Jul 2019 00:00:00 +0530 Wed, 31 Jul 2019 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62020 External Commercial Borrowings (ECB) end use restrictions are relaxed: ECBs of minimum average maturity ten years permitted for working capital and general corporate purposes (including NBFC on lending); ECBs of minimum average maturity seven years permitted for repayment of rupee loans used for capital expenditure (including NBFC on lending), while repayment of rupee loans for non capital purposes requires ten year ECBs. SMA 2/NPA rupee loans in manufacturing and infrastructure may be repaid under one time settlement and assigned to eligible ECB lenders, subject to all in cost, maturity and other ECB norms. Circulars FEMA Tue, 30 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62020