Global Trade Alert
Global Trade Alert

India: Use of external borrowings for intangible expenditure on purchase of capital goods

Announcement

26 Jun 2013

In June 2013, the government of India announced a change in its trade finance instruments.

Source

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

26 Jun 2013

Revocation date:

No revocation date

Updated: 26 Jun 2013
Trade finance In force
On 26 June 2013, the Reserve Bank of India allowed the use of External Commercial Borrowings (ECB) to cover import of services, technical know-how and license fees when they form a part of the import ...
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