Journal
Journal

Stay abreast with the latest developments in the professional domain along with in-depth analysis through the monthly BCA Journal. Get access to an engaging library of researched publications from the BCAS stable.
Learn More

Current Issue

Past Issues

Subscribe

BCAJ New Subscription

BCAJ Renew Subscription

Be a BCAS Member

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

Tax Implications in the Hands of Successor / Resulting Company
Read More

Capital Gains Tax Implications in Singapore on Capital Reduction or Liquidation
Read More

BCAJ New Subscription

BCAJ Renew Subscription

Be a BCAS Member
Brieficles

Brieficles

BCAJ Brieficles are short-format, web-only articles on contemporary topics of professional importance that are open-for-all to read & share.
Explore Brieficles

Legal Considerations for Start-Ups – Are you overlooking some?
Read More

ATR & AQMM – Audit Reports of Auditors!
Read More

भारत पहले – 75 Year of Independence
Read More
Resources
Resources

Explore past issues of BCA Journal & indulge in a treasure trove of high-quality professional content across format of print, videos & learning events from the BCAS stable.
Learn More

Past issues

Golden Content

Publications

Events

Self-paced Learning

Video Insights

President and CEO of The Institute of Internal Auditors
Read More

Mr. N. R. Narayana Murthy
Read More

Mr. Ishaat Hussain
Read More
About
About

Monthly mouth-piece of BCAS, the BCA Journal is a leading publication that has been in continuous circulation for more than 53 years. Over the years the BCAJ has become synonymous with high-quality & authentic content across fields of finance, accounting, tax & regulatory matters. The BCAJ has wide circulation across India & commands huge respect amongst the Chartered Accountants` community.
Learn More

Introduction

BCAS Website

Journal Policies

Contribute an Article
Advertise
Reach Us
Reach Us

For queries, collaborations, and insights to forge, Drop a line, share thoughts, inquiries galore, At BCAJ, your messages, we eagerly explore.
Learn More

Get in Touch

Feedback

June 2012

A.P. (DIR Series) Circular No. 119, dated 7-5-2012 — External Commercial Borrowings (ECB) Policy — Utilisation of ECB proceeds for Rupee expenditure.

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

Presently, ECB proceeds can be utilised for permissible foreign currency expenditure as well as Rupee expenditure.

This Circular requires borrowers to provide bifurcation of the utilisation of the ECB proceeds towards foreign currency and Rupee expenditure in Form-83 at the time of availing Loan Registration Number (LRN). Borrowers must repatriate to India, immediately after drawn down, for credit to their Rupee accounts proceeds meant for Rupee expenditure in India. Any contravention will be viewed seriously and will invite penal action under FEMA.

levitra

Download PDF

Journal

Brieficles

Resources

About

Reach Us

June 2012

A.P. (DIR Series) Circular No. 119, dated 7-5-2012 — External Commercial Borrowings (ECB) Policy — Utilisation of ECB proceeds for Rupee expenditure.

You May Also Like

(2011) TIOL 1508 (CESTAT-Del.) — Microsoft Corporation (I) (P.) Ltd. v. Commissioner of Sales Tax, New Delhi.

(2011) 24 STR 553 (Tri.-Mumbai.) — Texport Industries Pvt. Ltd. v. Commissioner of Sales Tax, Mumbai-IV.

Journal

Brieficles

Resources

About

Reach Us

June 2012

A.P. (DIR Series) Circular No. 119, dated 7-5-2012 — External Commercial Borrowings (ECB) Policy — Utilisation of ECB proceeds for Rupee expenditure.

Share

You May Also Like

(2011) TIOL 1508 (CESTAT-Del.) — Microsoft Corporation (I) (P.) Ltd. v. Commissioner of Sales Tax, New Delhi.

(2011) 24 STR 553 (Tri.-Mumbai.) — Texport Industries Pvt. Ltd. v. Commissioner of Sales Tax, Mumbai-IV.