https://www.taxtmi.com/circulars?id=65780 The circular increases the automatic route annual limit for eligible External Commercial Borrowings and raises the all in cost ceiling by one percentage point; the enhanced all in cost ceiling is available only to borrowers with investment grade ratings from Indian credit rating agencies while others remain subject to the existing ceiling. The relaxations are time limited, require AD Category I banks to notify constituents, amend Master Direction No.5, and are implemented via amendments to FEMA borrowing regulations under the powers conferred by the Foreign Exchange Management Act. en-us Mon, 01 Aug 2022 00:00:00 +0530 Mon, 01 Aug 2022 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65780 The circular increases the automatic route annual limit for eligible External Commercial Borrowings and raises the all in cost ceiling by one percentage point; the enhanced all in cost ceiling is available only to borrowers with investment grade ratings from Indian credit rating agencies while others remain subject to the existing ceiling. The relaxations are time limited, require AD Category I banks to notify constituents, amend Master Direction No.5, and are implemented via amendments to FEMA borrowing regulations under the powers conferred by the Foreign Exchange Management Act. Circulars FEMA Mon, 01 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65780