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August 2013

A. P. (DIR Series) Circular No. 116 dated June 25, 2013

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
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External Commercial Borrowings (ECB) for Civil Aviation Sector

Presently, the Civil Aviation sector could avail of ECB for working capital purposes within 12 months from the date of issue of the erstwhile circular (i.e. A.P. (DIR Series) Circular No. 113 dated 24th April, 2012).

This circular has extended the said period and hence, the Civil Aviation sector can now avail of ECB for working capital purposes upto 31st December, 2013.

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