TMI BlogExternal Commercial Borrowings – PrepaymentX X X X Extracts X X X X X X X X Extracts X X X X ..... repayment of External Commercial Borrowings (ECBs) require prior approval of the Reserve Bank and the Bank considers such applications under the following categories: Where the amount of prepayment of ECB is fully matched by way of inflow of foreign exchange in form of foreign equity in the applicant company. Where the prepayment of ECB is being made out of the balance held in the EEFC accou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... b) above, without any limit. ii. Prepayment of an amount not exceeding USD 50 million for ECBs falling under categories (c) (d) above, iii. Prepayment up to USD 50 million in aggregate would be available under (ii) above [each for category (c) (d)] during the currency of the scheme. 3. Applications for prepayment of amount exceeding USD 50 million falling under categories (c) (d) ab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Manager, Exchange Control Department, ECB Division, Central Office, Reserve Bank of India, Fort, Mumbai - 400 001. 6. It is clarified that the facility under the Automatic Route for prepayment of ECBs as contained in this circular, will be available upto March 31st, 2003 . A circular will be issued on or before that date in case the scheme is extended for a further period. 7. Authorised ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... repayment, if any made earlier, (Govt./RBI approval No. date and amount date of prepayment) g. Loan outstanding 4. Details of the current remittance for prepayment a. Prepayment category (please 4 whichever applicable). i. Out of inflow of matching foreign equity. ii. Out of balances held in EEFC account of the borrower. iii. 10% of outstanding ECB once during currency of ECB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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