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July 2015

A. P. (DIR Series) Circular No. 109 dated June 11, 2015

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

Presently, eligible borrowers in India could avail of ECB for working capital as a permissible end-use, under the Approval Route, up to March 31, 2015.

This circular has extended the period up to which ECB can be availed under the Approval Route by eligible borrowers in India from March 31, 2015 to March 31, 2016.

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