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of <h1>Trade Credits under FEMA allow import financing up to USD 150 million with prescribed cost ceilings and security provisions</h1> Trade Credits are capital account transactions regulated by RBI under FEMA Act, 1999, allowing overseas suppliers, banks, and financial institutions to extend credit for imports of capital/non-capital goods. The framework permits FCY and INR denominated trade credits up to USD 150 million for oil/gas/airline/shipping companies and USD 50 million for others under automatic route. Credit periods extend up to three years for capital goods and one year for non-capital goods. All-in-cost ceilings apply with benchmark rates plus spreads. Security provisions include bank guarantees, asset charges, and corporate guarantees. Monthly and quarterly reporting requirements exist for authorized dealers, with specific formats and deadlines prescribed for compliance monitoring.
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