Export credit term limits restrict extended payment periods and require central bank approval for exceptions under reasonable cause. Prohibits export contracts providing for a payment period exceeding nine months, with an exception allowing the Reserve Bank to grant approval for longer ... Summary
Export credit term limits restrict extended payment periods and require central bank approval for exceptions under reasonable cause.
Prohibits export contracts providing for a payment period exceeding nine months, with an exception allowing the Reserve Bank to grant approval for longer terms where reasonable and sufficient cause is shown.
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