Ozg FEMA Consultant
Phone # 09811415831-37-61-72-84-92-94
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
