Dear Sir,
Request to explain in detail on the below mentioned caption:
"convert part of rupee loans into low-cost forex loans"
My queries are:
1.By converting rupee loans into forex loans what are the accruing benefits?
2.Is it allowed in India?
3.If YES for sl no 2,then what is the procedure and rules to follow?
4.Is it meant ONLY FOR CORPORATES OR INDIVIDUAL INDIAN CITIZENS CAN ALSO AVAIL THIS OPTION.
5.What will be the rate of interest eligibilty etc., for individuals.
Request full clarification for the above.
Thanks and regards
Francis
CAclubindia
