2. On a review, it has been decided that this scheme of raising ECB for working capital for Civil Aviation Sector will continue till March 31, 2015.
3. All other conditions stipulated in aforesaid Circular dated April 24, 2012 shall remain unchanged.
4. AD Category – I banks may bring the contents of this Circular to the notice of their constituents and customers.
5. The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals required, if any, under any other law.
(Rudra Narayan Kar) Chief General Manager-In-Charge