All-in-cost should be within the applicable ceiling at all times, e.g., breach of all-in-cost ceiling in the first year and a much lower all-in-cost in the second year so as to comply on an average, is not permitted.

The definition of all-in-cost prohibiting use of ECB proceeds for payment of interest/charges is not applicable to ECBs raised for project finance and utilised for payment of guarantee fees (like ECA Premium) and interest during construction, provided the said components are part of project cost and capitalised by the borrower.

The reimbursement of expenditure incurred in the past is not a permissible end-use under the ECB framework.

No. Equity investment either directly or indirectly (through purchase of goodwill) is not permitted.

No, it is not permitted.

Refinancing of Rupee denominated ECB with Foreign Currency denominated ECB is not permitted.

Yes. ECB proceeds can be utilized for overseas investment as permitted under the overseas investment guidelines.

For the purpose of ECB, on-lending by borrowers who are engaged in the business of on-lending is not treated as working capital. Additionally, the borrowers shall need to adhere to the guidelines issued by the concerned sectoral or prudential regulator in this regard.

Yes.

Yes, provided that the borrower continues to be eligible to raise ECB under the extant ECB framework, all-in-cost is lower than the all-in-cost of existing ECB, residual maturity is not reduced and the new ECB is in compliance with the extant ECB framework as well.