All-in-cost ceiling for trade credits extended pending review, amended ECB policy effective immediately, with banks to notify constituents. The all-in-cost ceiling for trade credits into India will continue to apply until March 31, 2013 and will be reviewed thereafter; other aspects of Trade Credit policy remain unchanged. The amended ECB policy is effective immediately and subject to review. Authorised Dealer Category I banks are required to bring the circular to the notice of their constituents. The directions are issued under statutory powers and without prejudice to other legal permissions.
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Provisions expressly mentioned in the judgment/order text.
All-in-cost ceiling for trade credits extended pending review, amended ECB policy effective immediately, with banks to notify constituents.
The all-in-cost ceiling for trade credits into India will continue to apply until March 31, 2013 and will be reviewed thereafter; other aspects of Trade Credit policy remain unchanged. The amended ECB policy is effective immediately and subject to review. Authorised Dealer Category I banks are required to bring the circular to the notice of their constituents. The directions are issued under statutory powers and without prejudice to other legal permissions.
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