Trade Credit reporting requirement mandates monthly disclosure of approvals, disbursements and servicing under prescribed FEMA reporting forms.
Form TC (Annex III to A.P. (DIR Series) Circular No. 87) mandates monthly reporting of Trade Credit approvals by authorised-dealer branches, capturing lender identity and country, currency, amounts (with USD equivalent), interest and other charges, credit period and coded credit type (Supplier's Credit, Buyer's Credit, Short-term and Long-term Trade Credit), with specified numeric and date formats; Part II reports disbursement, utilization and debt servicing, and the form requires an authorised-dealer certificate.
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