Whose responsibility is it to ensure compliance with ECB guidelines?

Whose responsibility is it to ensure compliance with ECB guidelines? https://www.taxtmi.com/manuals?id=5826 Primary responsibility for ensuring compliance with External Commercial Borrowing (ECB) guidelines rests with the borrower concerned; borrowers must not use trade credits or other transactions to disguise or circumvent ECB rules, and structures that contravene the Foreign Exchange Management (Borrowing and Lending in Foreign Exchange) Regulations, 2018 or other ECB provisions may invite penal action under FEMA. en-us Thu, 21 Nov 2024 14:11:00 +0530 Thu, 21 Nov 2024 14:11:00 +0530 TaxTMI RSS Generator Whose responsibility is it to ensure compliance with ECB guidelines? https://www.taxtmi.com/manuals?id=5826 Primary responsibility for ensuring compliance with External Commercial Borrowing (ECB) guidelines rests with the borrower concerned; borrowers must not use trade credits or other transactions to disguise or circumvent ECB rules, and structures that contravene the Foreign Exchange Management (Borrowing and Lending in Foreign Exchange) Regulations, 2018 or other ECB provisions may invite penal action under FEMA. Manuals FEMA Thu, 21 Nov 2024 14:11:00 +0530 https://www.taxtmi.com/manuals?id=5826