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EXPORTERS/FOREIGN EXCHANGE EARNERS Corporates who have foreign exchange earnings are
permitted to raise ECB upto twice the average amount of
annual exports during the previous three years subject to
a maximum of USD 100 million without end-use
restrictions, i.e. for general corporate objectives
excluding investments in stock markets or in real estate.
The minimum average maturity will be three years upto USD
15 million equivalent and seven years for ECBs exceeding
USD15 million. The maximum level of entitlement in any
one year is a cumulative limit and debt outstanding under
the existing USD 15 million exporters scheme will be
netted out to determine annual eligibility. Guidelines on Policies and Procedures for External Commercial Borrowings 1997-98 [ECB Policy] [Average Maturities for ECB] [USD 3 Million Scheme][Exporters/Foreign Exchange Earners][ Infrastructure Projects][Long-Term Borrowers][On Lendings by DFIs and Other Financial
Intermediaries][End-Use Requirements][Proceeds from Bonds , FRNs & Syndicated Loan][ECB Entitlement for New Projects][Interest rate for Project Financing][Other Term and Conditions][Security][Exemption
from Withholdings Tax][Approval
under FERA][Short-Term Loan from
RBI][Validity of Approval][Pre-Payment of ECB][Refinancing the Existing Foreign Currency Loan][Liability Management][Procedure for Seeking ecb Approval][Review][Hedging of Loan
Exposures][Format for providing
information to Department of Economic Affairs, Ministry
of Finance, for seeking ECB Approval] |
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