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of <h1>RBI Revises Trade Credit Guidelines: ADs Can Approve Up to USD 20M Per Import; Simplified Reporting and New Cost Ceilings.</h1> The circular issued by the Reserve Bank of India (RBI) outlines revised guidelines for trade credits for imports into India. Authorized Dealers (ADs) can approve short-term credits up to USD 20 million per import transaction with a maturity up to one year for all permissible items and up to three years for capital goods. Credits exceeding USD 20 million require RBI approval. The circular also specifies all-in-cost ceilings based on maturity periods and prohibits ADs from issuing guarantees without prior RBI approval. Reporting requirements for trade credits have been simplified, and necessary amendments to related regulations are being issued separately.
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