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of <h1>India Revises All-In-Cost Ceiling for Short-Term Trade Credits, Increases Basis Points for Up to One Year Maturity.</h1> The circular addresses the revision of the all-in-cost ceiling for Trade Credits related to imports into India. The all-in-cost ceiling for Trade Credits with a maturity of up to one year has been increased from 50 basis points to 75 basis points over the 6-month LIBOR or applicable benchmark. The ceiling for credits with a maturity of more than one year up to three years remains unchanged at 125 basis points. These changes take effect immediately, with amendments to related regulations to follow. Authorized Dealer Category-I banks are instructed to inform their clients and customers of these updates.
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