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of <h1>RBI Maintains All-In-Cost Ceiling for Trade Credits Until September 30, 2013; Compliance Required by Authorized Dealer Banks.</h1> The Reserve Bank of India has reviewed the all-in-cost ceiling for Trade Credits for imports into India, as initially outlined in a previous circular from April 2013. The current ceiling, as specified in a 2012 circular, will remain in effect until September 30, 2013, subject to further review. The period for availing trade credit should align with the operating cycle and trade transaction. All other aspects of the Trade Credit policy remain unchanged. Authorized Dealer banks are instructed to inform their clients and ensure compliance with these guidelines, issued under the Foreign Exchange Management Act, 1999.
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