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A voluntary organisation established on 6th July 1949, BCAS has presently more than 9,000 members from all over the country. BCAS is a principle-centered and learning-oriented organisation promoting quality service and excellence in the profession of Chartered Accountancy.
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February 2013

External Commercial Borrowings (ECB) Policy – Repayment of Rupee loans and/or fresh Rupee capital expenditure – $ 10 billion scheme

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

Presently, only Indian companies, in the manufacturing and infrastructure sector, who are consistent foreign exchange earners, can avail of ECB for repayment of outstanding Rupee loan(s) availed of by them from the domestic banking system and/ or for fresh Rupee capital expenditure.

This circular grants similar facilities to Indian companies in the hotel sector (with a total project cost of Rs. 250 crore or more). As a result, these companies can now avail of ECB for repayment of outstanding Rupee loan(s) availed of by them from the domestic banking system and/or for fresh Rupee capital expenditure.

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February 2013

External Commercial Borrowings (ECB) Policy – Repayment of Rupee loans and/or fresh Rupee capital expenditure – $ 10 billion scheme

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Reporting under Foreign Exchange Management Act, 1999 (FEMA)

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February 2013

External Commercial Borrowings (ECB) Policy – Repayment of Rupee loans and/or fresh Rupee capital expenditure – $ 10 billion scheme

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Reporting under Foreign Exchange Management Act, 1999 (FEMA)

Franchise: ‘Service’ or “Deemed Sale” of Transfer of Right to Use Trademark?