ECB Loans
This query is : Resolved
Jagga Rao Malipeddi
(Querist)
25 May 2011
Whether a Private Ltd.Company dealing with pearls and manufacturing jewelery which imports raw material (pearls) can avail ECB Loan? Whether import of pearls for purpose of making jewelery and trading the end product is an eligible activity for availing External Commercial Borrowing Loan?
CA. Anuj Gupta
(Expert)
26 May 2011
ECB should not be issue in the present case provided you met the other conditions like holding of 25% equity by foreign lender etc...
Anuj
0-9810106211
Anuj
0-9810106211
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