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of <h1>All-In-Cost Ceiling for Trade Credits on Imports to India Extended Until June 30, 2013.</h1> The circular addresses Authorized Dealer Category-I banks regarding the continuation of the all-in-cost ceiling for Trade Credits on imports into India, as previously specified in earlier circulars dated September 11, 2012, and December 14, 2012. This cost ceiling will remain effective until June 30, 2013, with a review scheduled thereafter. All other aspects of the Trade Credit policy remain unchanged. Banks are instructed to inform their constituents and customers about these directives, which are issued under the Foreign Exchange Management Act, 1999, without affecting any other legal permissions or approvals required.
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