TaxTMI 
TaxTMI 
TaxTMI 
Reporting of actual transactions of External Commercial Borrowings (ECB) under Foreign Exchange Management Act, 1999
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....viz., (i) Automatic Route outlined in paragraph and (ii) Approval Route. The reporting requirements are given below: 1) Application for raising ECB under the Approval Route and for allotment of Loan Registration Number (LRN) for ECB - Form ECB (Annex I) 2) Reporting of actual transactions of ECB - ECB 2 Return (Annex II) 3) Form for reporting of details of Trade Credit - Form TC (Annex III) 4) Statement on Guarantee/ Letter of Undertaking/ Letter of Comfort issued by AD banks in respect of Trade Credit (Annex IV) ============= Document 1 Form ECB 284 Part V: Annex II Reporting of actual transactions of External Commercial Borrowings (ECB) under Foreign Exchange Management Act, 1999 (for all categories and any amount of....
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....Annex. 8. Following purpose codes for use in Part C (Utilisation). Code Description Code Description IC Import of capital goods MF Micro Finance Activity OI Overseas Investment in JV/WOS OT Others (Pl. specify) Local sourcing of capital goods (Rupee RL RR Refinancing of rupee loans expenditure) RC Working Capital (Rupee expenditure) RB Redemption of FCCBs SL On-lending or sub-lending IF Infrastructure development RF Repayment of earlier ECB NP New project Modernisation /Expansion of existing ME units Code Description 9. Following codes for use in Part D (Debt Servicing) for source of remittance: Description Code A Remittance from India D Conversion to equity capital B Account held abroad E Lende....
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....Purpose Currency Amount Country code Name of Bank Account No. From Amount Remitted to India C.2: Outstanding Balance amount (principal only) as at month-end: Not Required Particulars Deposits/ Others Cumulative period in months Currency Amount Name of bank and branch Account No. Parked Abroad Parked in India Part D Debt Servicing D.1: Principal Repayment, Interest payment etc. during the month (in loan currency): Tranche Purpose No. Date of Currency Remittance Amount Code for Source of remittance Whether Prepayment of Principal Principal Repayment @ Interest @rate (Y/N) # Others (Specify) # In case of prepayment please provide details of Automatic / Approval Route No., Date, Amount as Annex. @ In....
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....above are true and correct to the best of our knowledge and belief. No material information has been withheld and / or misrepresented. Place: Date: Signature of Authorised Official of borrowing company (with stamp) Name: Designation: Telephone No.: 73 Summary Sheet (SS 2) for Form ECB 2 Loan Registration Number (LRN): Currency Drawn Drawn Principal Net Interest Other Amount amount in repayment outstanding before current current month month in current month Payments made charges paid Certificate from Company Secretary / Chartered Accountant We hereby certify that the ECB availed vide LRN in terms of approval granted by Government or RBI or under approval route / automatic route is duly accounted in the boo....