CA Kowsthubha Bangalore
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External Commercial Borrowings (ECB) Policy – New ECB Framework
- August 3, 2020
- Posted by: CA Kowsthubha Bangalore
- Category: Uncategorized
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Procedure for Borrowing Loan from Person resident outside India:
1. Important terms used:
a. Benchmark rate: Benchmark rate in case of foreign currency denominated ECB/ TC (FCY ECB/TC) refers to 6-month London Interbank Offered Rate (LIBOR) rate of different currencies or any other 6-month interbank interest rate applicable to the currency of borrowing, for eg., Euro Interbank Offered Rate (EURIBOR).