Detailed ECB guidelines were announced in July 1999... Read More.
Thereafter, various modifications & relaxations had been made in the Guidelines by the the Indian Government and Reserve Bank of India. In this section you get access to all the changes made in the ECB Guidelines since since 1999
EXIM policy for 2002-2007
In the EXIM policy for 2002-2007 announced on 31st March, 2002 it has been indicated that units in SEZs will be permitted to avail all ECBs for maturity of less than 3 years. To operationalise this decision various amendments were proposed for units in SEZs.
In September 2002, modifications were announced relating to Prepayment of External Commercial Borrowings (ECBs), end-use restrictions in respect of investments in real estate Sector & eligiblity under auto-route and corresponding maturity ... Read More
In July 2002, Government allowed, ECB proceeds to be used in the first stage acquisition of shares in the disinvestment process and also in the mandatory second stage offer to the public, in view of their strategic importance.
Government has operationalised the automatic route for fresh ECB approvals upto USD 50 million and for all refinancing of existing ECBs with effect from 1st September, 2000... Read More
Taking into account changes in external financial markets, requirements of Corporates, access to international capital markets and with a view to liberalising further ECB approvals, the Government have decided to make further changes in the ECB guidelines with effect from 14th June 2000...Read More
Detailed guidelines were announced in July 1999... Read More
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