Trade credit limit for gold imports restricted to short-term usance from shipment under FEMA-authorised directions. Suppliers' and Buyers' credit, including the usance period of Letters of Credit opened for import of gold in any form, including jewellery and items studded with diamonds or other precious/semi precious stones, shall not exceed ninety days from the date of shipment. Authorised Dealer Category I banks must apply this short term trade credit restriction, notify customers, and continue to follow existing circulars on related precious metal and diamond imports; the directions are issued under Section 10(4) and Section 11(1) of FEMA, 1999.