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Reporting of actual transactions of External Commercial Borrowings (ECB) - Part - 1

 
Ozg FEMA Consultant

Phone # 09811415831-37-61-72-84-92-94

Website: fema.in 



                                                                                                      Annex III
ECB - 2

Reporting of actual transactions of External Commercial Borrowings (ECB)
under Foreign Exchange Management Act, 1999
 (for all categories and any amount of loan)

Return for the Month of            .

1.       This return should be filled in for all categories of ECB. It should be submitted within 7 working days from the close of the month through the designated Authorised Dealer to the Director, Department of Statistical Analysis and Computer Services (DESACS), Balance of Payments Statistics Division, Reserve Bank of India, C-8/9, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051. If there is no transaction during a particular period, a Nil return should be submitted.

2.       Please do not leave any column blank.  Furnish complete particulars against each item.  Where any particular item is not applicable write “N.A.” against it. 

3.       All dates should be in format YYYY/MM/DD, such as 2004/01/21 for January 21, 2004.

4.     Borrowers obtaining sub-loans through DFIs/Banks/NBFCs etc. should not complete this form as the concerned financial institution would directly submit ECB-2.

5.     Before forwarding the return to Reserve Bank (DESACS), the Company Secretary / Chartered Accountant must scrutinise related original documents and ensure that the return is complete and in order as per ECB guidelines issued by Government/RBI.

6.    The unique Loan Identification Number (LIN)/RBI Registration Number (in case of loan approved prior to February 01, 2004) must be specified as allotted by RBI. Similarly, the Loan Registration Number (since February 01, 2004) has to be specified.

7.    If space is not sufficient for giving full information against any item, a separate sheet may be attached to the return and serially numbered as Annex.

8.   For Purpose of utilization of drawdowns, following codes may be used.

BOX 1:  Purpose of Utilisation Code               
No.
Code
Description
No.
Code
Description
1
IC
Import of capital goods
10
ME
Modernisation /Expansion of existing units
2
IN
Import of non-capital goods
11
PW
Power
3
RL
Local sourcing of capital goods
 (Rupee expenditure)
12
TL
Telecommunication
4
RC
Working capital
(Rupee expenditure)
13
RW
Railways
5
SL
On-lending or sub-lending
14
RD
Roads
6
RP
Repayment of earlier ECB
15
PT
Ports
7
IP
Interest payments
16
IP
Industrial parks
8
HA
Amount held abroad
17
UI
Urban infrastructure
9
NP
New project
18
OT
Others (Pl. specify)

9.      For source of funds for remittances, following codes are to be used.

BOX 2:  Source of Funds for remittance

No.
Code
Description
1
A
Remittance from India
2
B
Account held abroad
3
C
Exports proceeds held abroad
4
D
Conversion of equity capital
5
E
Others (Specify)





 

Ozg FEMA Consultant

Phone # 09811415831-37-61-72-84-92-94

Website: fema.in