home page 


 

Newsletter

Daily Rates

Bank Holidays

Book Store

Home

Conferences

Technology

Finance



  ECBs   overview | coop banks | basics | lending |adv banking | products | IT & banking  
                                                         
daily news | banking software| bank directory| internet banking| IT directory| Banknet Jobs


Banking > ECB > Details



SECURITY

The choice of security to be provided to the lenders/suppliers will also be left to the borrowers. However, where the security is in the form of a guarantee from an Indian Financial Institution or from an Indian Scheduled Commercial Bank, Counter-guarantee or confirmation of the guarantee by a Foreign Bank/Foreign Institution will not be permitted. EXEMPTION FROM WITHHOLDING TAX.

Interest @ payable by an industrial undertaking @ in India, related to external commercial borrowings as approved by GOI/RBI would be eligible for tax.




Go back to main page of External Commercial Borrowings (ECB) Section


 

Advertise | Book Store | About us | Contact us | Terms of use | Disclaimer





© Banknet India | All rights reserved worldwide.
Best viewed with IE 4.00 & above at a screen resolution of 800 x 600 or higher