External Commercial Borrowings (ECBs) - Prepayment out of the EEFC Accounts

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Full Text of the Document

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....ommercial Borrowings (ECBs) - Prepayment out of the EEFC Accounts Authorised Dealers are aware that ECBs can be prepaid by corporate borrowers to the extent of the balances in their Exchange Earner's Foreign Currency (EEFC) accounts, with the approval of Reserve Bank. Authorised Dealers are also aware that in terms of Notification No.FEMA 30/2000/RB dated 17th November 2000, corporates who are ex....