International Tax is a field where the taxing jurisdiction of two countries is involved. Tax is a sovereign issue and every state has its right to tax its residents but when there is taxing of the same property or person by two different states then the conflicts arise. The problem comes when there is an [...]
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RBI Allows SEZ Developers to Raise Overseas Loans
Posted by admin on July 8th, 2009
The Reserve Bank of India (RBI) on Tuesday, 30th June 2009, allowed special economic zone (SEZ) developers to raise overseas loans. Notifying the relaxation in the external commercial borrowings (ECB) policy, it has also eased the borrowing rules for non-banking financial companies (NBFCs) and extended the permission to integrated township developers to access the ECB [...]
