Trade credit usance limit for precious and semi-precious stones set to short-term from shipment; AD banks must enforce. Suppliers' and Buyers' Credit including the usance period of Letters of Credit for import of precious and semi precious stones shall not exceed ninety days from the date of shipment, with immediate effect; AD Category I banks must apply the limit and inform their constituents, while prior instructions on related metal and diamond imports remain unaffected.
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Provisions expressly mentioned in the judgment/order text.
Trade credit usance limit for precious and semi-precious stones set to short-term from shipment; AD banks must enforce.
Suppliers' and Buyers' Credit including the usance period of Letters of Credit for import of precious and semi precious stones shall not exceed ninety days from the date of shipment, with immediate effect; AD Category I banks must apply the limit and inform their constituents, while prior instructions on related metal and diamond imports remain unaffected.
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