Borrowers in services sectors eligible to avail ECB

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..... Borrowers in services sectors eligible to avail ECB - Commentaries / Editorials Dated:- 1-6-2008 - News - The External Commercial Borrowing (ECB) policy is regularly reviewed by the Government in con .....

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..... sultation with Reserve Bank of India (RBI) to keep it in tune with the evolving macroeconomic situation, changing market conditions, sectoral requirements, the external sector and lessons of experienc .....

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..... e. Consequent upon such a review, it has been decided to modify some aspects of the ECB policy as indicated below: At present, borrowers in the services sector are not eligible to avail ECB under t .....

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..... he automatic route. It has been decided that henceforth borrowers in the services sector viz hotels, hospitals and software companies may avail ECB upto US$ 100 million for import of capital goods und .....

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..... er the approval route. These amendments in the ECB Policy will come into force on the date of Notification of Regulations/directions issued by the Reserve Bank in this regard under the Foreign Exch .....

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..... ange Management Act, 1999 . BSC/KW/MP/135/08 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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