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May 2014

A. P. (DIR Series) Circular No. 113 dated 26th March, 2014

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

Presently, airlines Companies, subject to certain terms and conditions, could avail ECB for working capital up to 31st December, 2013. This circular now permits airlines Companies to raise ECB for working capital up to 31st March, 2015.

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