Changes In ECB Regulations

The Reserve Bank of India has recently issued circulars, whereby the foreign borrowing and exports guidelines have been amended.

• ECB can now be used to funding Import of Services, Technical know-how and License Fees
• All eligible borrowers can now get its domestic debt credit enhanced by prescribed non-resident entities
• SEZ units now needs to realized and repatriated export proceeds within twelve months from the date of export
• Policy for availing ECB for low cost affordable housing projects has been relaxed
• Facility for availing ECB by telecom Companies to refinance rupee loan taken for 3G spectrum payment, by Civil Aviation Sector for working capital and window to buyback/prepayment of FCCBs had been extended. 

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