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Corporate Laws Central Ministry of Finance Foreign Exchange Management Act, 1999

RBI issues a circular on Reporting under Foreign Exchange Management Act, 1999 - Returns pertaining to External Commercial Borrowing (ECB)

30-Mar-2026 | RBI/2025-26/253

RBI has issued a circular on the Reporting under Foreign Exchange Management Act, 1999 - Returns pertaining to External Commercial Borrowing (ECB). Key Highlights: 1. Form ECB 1 & Revised Form ECB 1 will now be treated as non-flow returns. 2. LSF is charged per return, so each delayed Form ECB 2 under a Loan Registration Number (LRN) will be counted separately for fee calculation. 3. The designated AD Category I bank must submit the ECB return to RBI within 7 days of receiving it from the borrower. The return must be complete and properly certified before submission. 4. In case of delayed submission of returns, the designated AD Category I bank shall monitor payment of applicable LSF by its customers/ constituents. 5. The LSF shall be payable at the Regional Office concerned of the Reserve Bank by way of NEFT or RTGS, post receipt of an email from the Reserve Bank acknowledging receipt of the return. Accordingly, the necessary changes have been made in the Master Direction ? Reporting under the Foreign Exchange Management Act, 1999.

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