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All-in-cost ceiling for trade credits remains applicable for import finance, requiring AD Category I banks to apply and notify customers. Continuation of the all-in-cost ceiling for trade credits for imports into India remains applicable as specified in A.P. (DIR Series) Circular No. 28 dated September 11, 2012 until further review; Authorized Dealer Category I banks must apply this ceiling and notify their constituents, while all other trade credit policy aspects remain unchanged and directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
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All-in-cost ceiling for trade credits remains applicable for import finance, requiring AD Category I banks to apply and notify customers.
Continuation of the all-in-cost ceiling for trade credits for imports into India remains applicable as specified in A.P. (DIR Series) Circular No. 28 dated September 11, 2012 until further review; Authorized Dealer Category I banks must apply this ceiling and notify their constituents, while all other trade credit policy aspects remain unchanged and directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
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