RBI has modified the ECB 2 Return for Monthly reporting of External Commercial Borrowings (ECBs).
It has been decided to capture the details of the hedges for ECBs through a simplified format of ECB 2 Return.
Part E of the Return, accordingly, is modified so as to include only standard information on hedged / unhedged ECB exposure.
Details of hedging in Part E.1 of the Return and foreign exchange earnings and expenditure in Part E.2 of the Return should be furnished in additive format. Revised monthly reporting format of ECB 2 Return would be applicable from month-end June 2018.
It is reiterated that any lapse at the time of reporting through this return and / or failure to adhere to the time line of its submission and / or any lapse at the time of reporting through Form 83 is a contravention of the provision of Foreign Exchange Management Act, 1999.
It has been decided to capture the details of the hedges for ECBs through a simplified format of ECB 2 Return.
Part E of the Return, accordingly, is modified so as to include only standard information on hedged / unhedged ECB exposure.
Details of hedging in Part E.1 of the Return and foreign exchange earnings and expenditure in Part E.2 of the Return should be furnished in additive format. Revised monthly reporting format of ECB 2 Return would be applicable from month-end June 2018.
It is reiterated that any lapse at the time of reporting through this return and / or failure to adhere to the time line of its submission and / or any lapse at the time of reporting through Form 83 is a contravention of the provision of Foreign Exchange Management Act, 1999.
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