Should the proposed ECB be added to all outstanding ECBs for the purpose of ECB liability to equity ratio?

Should the proposed ECB be added to all outstanding ECBs for the purpose of ECB liability to equity ratio? https://www.taxtmi.com/manuals?id=5837 The proposed External Commercial Borrowing must be included with outstanding ECBs when computing the liability to equity ratio, except that a proposed ECB intended to refinance existing ECBs is excluded to avoid double counting. en-us Thu, 21 Nov 2024 14:16:00 +0530 Thu, 21 Nov 2024 14:16:00 +0530 TaxTMI RSS Generator Should the proposed ECB be added to all outstanding ECBs for the purpose of ECB liability to equity ratio? https://www.taxtmi.com/manuals?id=5837 The proposed External Commercial Borrowing must be included with outstanding ECBs when computing the liability to equity ratio, except that a proposed ECB intended to refinance existing ECBs is excluded to avoid double counting. Manuals FEMA Thu, 21 Nov 2024 14:16:00 +0530 https://www.taxtmi.com/manuals?id=5837