Saturday, June 16, 2012

ECB-Rupee expenditure portion- Specify and Repatriate to India

The Reserve Bank of India (RBI) has decided that the borrowers should provide bifurcation of
the utilization of the ECB proceeds towards foreign currency and rupee expenditure in form-83.
The primary responsibility to ensure that the ECB proceeds meant for rupee expenditure in India
are repatriated to India for credit to their rupee accounts with AD Category- I banks in India.

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