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Are the shipping/airline companies allowed to raise External Commercial Borrowing for import of second hand vessels?
Are the shipping/airline companies allowed to raise External Commercial Borrowing for import of second hand vessels?
Naran
Answered on February 14,2020
Answered on February 14,2020
Yes, shipping and airline companies can raise external commercial borrowings (ECB) for import of vessels and aircrafts, however, only under Track I of the ECB framework.
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