Subscribe to the Bombay Chartered Accountant Journal Subscribe Now!

April 2012

A.P. (DIR Series) Circular No. 85, dated 29- 2-2012 — External Commercial Borrowings (ECB) for Infrastructure facilities within National Manufacturing Investment Zone (NMIZ).

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
fiogf49gjkf0d
For the purposes of ECB, infrastructure sector includes: (i) power, (ii) telecommunication, (iii) railways, (iv) road including bridges, (v) sea port and airport, (vi) industrial parks, (vii) urban infrastructure (water supply, sanitation and sewage projects), (viii) mining, refining and exploration and (ix) cold storage or cold room facility, including for farm-level precooling, for preservation or storage of agricultural and allied produce, marine products and meat.

Presently, developers of SEZ are allowed to avail ECB to provide such infrastructure facilities within the SEZ.

This Circular permits developers of NMIZ also to avail of ECB under the Approval Route for providing infrastructure facilities within the NMIZ.

Download PDF

You May Also Like

A.P. (DIR Series) Circular No. 83, dated 27-2-2012 — Import of gold on loan basis — Tenor of loan and opening of stand-by letter of credit.

2012-TIOL-559-ITAT-DEL ITO v Indian Printing Packaging & Allied Machinery Manufacturers Association ITA No. 2934/Del/2012 Assessment Year: 2003-04. Date of Order: 31-08-2012