All-in-cost ceiling for trade credits maintained, preserving existing import finance conditions pending review by RBI under FEMA. The Reserve Bank of India has directed that the existing all-in-cost ceiling for Trade Credits for imports into India will continue to be applicable until further review, with all other aspects of Trade Credit policy remaining 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, preserving existing import finance conditions pending review by RBI under FEMA.
The Reserve Bank of India has directed that the existing all-in-cost ceiling for Trade Credits for imports into India will continue to be applicable until further review, with all other aspects of Trade Credit policy remaining 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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