External Commercial Borrowings (ECBs) - Prepayment out of the EEFC Accounts

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..... Sirs/Madam, External Commercial Borrowings (ECBs) - Prepayment out of the EEFC Accounts Authorised Dealers are aware that ECBs can be prepaid by corporate borrowers to the extent of the balances in their Exchange Earner's Foreign Currency (EEFC) accounts, with the approval of Reserve Bank. Authorised Dealers are also aware that in terms of Notification No.FEMA 30/2000/RB dated 17 th Novemb .....

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..... been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999). Yours faithfully, Grace Koshie Chief General Manager Application for prepayment of outstanding ECB out of EEFC Account - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TM .....

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