Subscribe to BCA Journal Know More

June 2012

A.P. (DIR Series) Circular No. 112, dated 20-4-2012 — External Commercial Borrowings (ECB) Policy — Refinancing/Rescheduling of ECB.

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
fiogf49gjkf0d
This Circular permits borrowers to refinance, under the Approval Route, an existing ECB by raising fresh ECB at a higher all-in-cost/reschedule an existing ECB at a higher all-in-cost. However, the enhanced all-in-cost must not exceed the current all-in-cost ceiling.

You May Also Like