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of <h1>Infrastructure Firms Allowed 5-Year Trade Credit for Capital Goods Import; New 15-Month Initial Period Requirement Enforced.</h1> Companies in the infrastructure sector are permitted to utilize trade credit for up to five years for importing capital goods, as per current guidelines. The trade credit must be initially contracted for at least fifteen months and should not involve short-term rollovers. Authorized Dealer Category-I banks cannot issue financial instruments like Letters of Credit or guarantees for periods beyond three years. A recent review allows existing trade credits to have a minimum initial period of six months, while future credits must adhere to the fifteen-month requirement. All other trade credit policies remain unchanged, effective immediately, and subject to future review.
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