ECB Utilisation
This query is : Resolved
07 June 2011
My company had availed an ECB facility of USD 5 mn. Only 2.5 mn has been utilised for payment to overseas contractor for some machines imported. Can the remaining 2.5 mn be utilised for payment to Indian Vendors for the same project??? Is there any restriction as per RBI or FEMA that ECB cant be utilised for payment of Rupee Capital Expenditure?? Please Help!!!
CA. Anuj Gupta
(Expert)
08 June 2011
The same can be done.
Anuj
0-9810106211
Anuj
0-9810106211
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