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of <h1>All-in-Cost Ceiling for Trade Credits Extended Until March 31, 2014, Under FEMA 1999 Rules.</h1> The circular addresses Authorized Dealer Category-I banks regarding the continuation of the all-in-cost ceiling for Trade Credits for imports into India. The current ceiling, as specified in a previous circular from September 2012, will remain effective until March 31, 2014, with a review planned thereafter. Other aspects of the Trade Credit policy remain unchanged. Banks are instructed to inform their constituents and customers of these details. The directions are issued under the Foreign Exchange Management Act, 1999, and do not affect any other required permissions or approvals under different laws.
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