Can the ECB proceeds be used for purchasing vehicles being a capital item for the business purpose ?
Menu
End uses of ecb loans
Replies (1)
There is no specific restriction of use of ECB to purchase vehicles for business purpose.
But you will have the verify the loan sanction document if they have any conditions which restrict purchase of vehicles.
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
