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

Audit Trail Compliance in Accounting Software
Read More

Analysis of the Decision of the Supreme Court in Safari Retreats
Read More

Gifts and Loans — By and To Non-Resident Indians – II
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

October 2014

A. P. (DIR Series) Circular No. 25 dated 3rd September, 2014

By Gaurang Gandhi Chartered Accountant

Reading Time 1 mins

External Commercial Borrowings (ECB) in Indian Rupees

This circular permits eligible lenders of ECB to lend in Indian Rupees, subject to the following terms and conditions: –

a. The lender must mobilise Indian Rupees through swaps undertaken with a bank in India.

b. The ECB contract must comply with all other conditions applicable to the automatic and approval routes, as the case may be.

c. The all-in-cost of such ECB must be commensurate with prevailing market conditions.

The recognised lender, for the purpose of executing swaps for ECB denominated in Indian Rupees, can set up a representative office in India and also hedging their rupee exposures.

levitra

Download PDF

Journal

Brieficles

Resources

About

Reach Us

October 2014

A. P. (DIR Series) Circular No. 25 dated 3rd September, 2014

You May Also Like

A. P. (DIR Series) Circular No. 23 dated 2nd September, 2014

[2014] 46 taxmann.com 135 (New Delhi – CESTAT) Hema Engg. Indus. Ltd. vs. CST, New Delhi.

Journal

Brieficles

Resources

About

Reach Us

October 2014

A. P. (DIR Series) Circular No. 25 dated 3rd September, 2014

Share

You May Also Like

A. P. (DIR Series) Circular No. 23 dated 2nd September, 2014

[2014] 46 taxmann.com 135 (New Delhi – CESTAT) Hema Engg. Indus. Ltd. vs. CST, New Delhi.