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Power of AO to Grant Stay — Whether Discretionary or Controlled By the Instructions and Circulars
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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

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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August 2013

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

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A. P. (DIR Series) Circular No. 115 dated June 25, 2013

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August 2013

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

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A. P. (DIR Series) Circular No. 115 dated June 25, 2013

A. P. (DIR Series) Circular No. 117 dated June 25, 2013