External commmercial borrowing
This query is : Resolved
30 September 2010
Can anyone tell me about external commercial borrowint
02 October 2010
External commercial borrowing (ECB) is a loan in foreign currency which indian cos can raise from abroad. This loan is priced in terms of a spread over LIBOR and is serviced in that foreign currency only.
RBI has put several restricttions on ECBs as regards the rate of interest and remittance of proceeds.
There are two ways by which ECBs can be raised. 1st is automatic route where if the borrower satisfies RBI's criteria it need not take RBIs permission for the loan. 2nd is approval route where borrower has to take RBI's permission before raising the loan.
RBI releases figures related to ECBs on a monthly basis. More information regarding the same can be obtained from RBI's website.
Visit following link to get more info on ECB
http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=5786&Mode=0
RBI has put several restricttions on ECBs as regards the rate of interest and remittance of proceeds.
There are two ways by which ECBs can be raised. 1st is automatic route where if the borrower satisfies RBI's criteria it need not take RBIs permission for the loan. 2nd is approval route where borrower has to take RBI's permission before raising the loan.
RBI releases figures related to ECBs on a monthly basis. More information regarding the same can be obtained from RBI's website.
Visit following link to get more info on ECB
http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=5786&Mode=0
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
