conversion of payable to ECB

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....onversion of payable to ECB<br> Query (Issue) Started By: - Umesh M V Dated:- 11-3-2011 Last Reply Date:- 15-3-2011 FEMA<br>Got 1 Reply<br>FEMA<br>Is it possible to convert payables to ECB.IF so what ....

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....is the procedure for the same. Reply By CA Rachit Agarwal: The Reply: You have to make the application to the bank for the sanction of proposal for ECB or conversion of existing Term Loan to ECB. A....

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....fter the sanction, if the amount is within the limit, then the sanction will be under the Automatic Route. If the same is beyond the limit then approval will be required from RBI. Further interest ra....

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....tes of ECB will be dependent on the maturity of ECB and Repayments. ECB can be availed for Working Capital Limits (Buyers Credit/Suppliers Credit) or for Capital Expenditure in respect of Projects. ....

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....For further details you can mail me at [email protected]<br> Discussion Forum - Knowledge Sharing ....