All-in-cost ceiling for trade credits maintained, remaining applicable until scheduled review; other trade-credit rules unchanged. The circular directs that the all-in-cost ceiling applicable to trade credits for imports shall continue until March 31, 2014 and be subject to review; all other Trade Credit policy provisions remain unchanged, AD Category I banks must inform constituents, and the directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
All-in-cost ceiling for trade credits maintained, remaining applicable until scheduled review; other trade-credit rules unchanged.
The circular directs that the all-in-cost ceiling applicable to trade credits for imports shall continue until March 31, 2014 and be subject to review; all other Trade Credit policy provisions remain unchanged, AD Category I banks must inform constituents, and the directions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
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