RBI Master Circular No: RBI/2010-11/8 (01-Jul-10) External Commercial Borrowings and Trade Credits
To,
All Category -- I Authorised Dealer Banks
Madam / Sir,
External Commercial Borrowings and Trade Credits availed of by residents are governed by clause (d) of sub-section 3 of section 6 of the Foreign Exchange Management Act, 1999 read with Notification No. FEMA 3/ 2000-RB viz. Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, dated May 3, 2000, as amended from time to time.
3. This Master Circular is being issued with a sunset clause of one year. This circular will stand...
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