External Commercial Borrowings (ECB) Policy – Review of all-in-cost ceiling

It has been decided that the all-in-cost ceiling as specified in A.P. (DIR Series) Circular No. 99 dated March 30, 2012 will continue to be applicable till March 31, 2013 and subject to review thereafter. All other aspects of ECB policy remain unchanged. The amended ECB policy will come into force with immediate effect and is subject to review based on the experience gained in this regard.

To view the full text of the notification, please follow the link.

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