https://www.taxtmi.com/circulars?id=4304 The all-in-cost ceiling for trade credits for imports into India has been revised: the ceiling applicable to trade credits of up to one year is increased over the six month LIBOR benchmark, while the ceiling for more than one year up to three years remains unchanged. The amendment takes effect immediately, other trade credit conditions remain unchanged, amendments to the relevant FEMA regulations will follow, and AD Category I banks must notify their customers; directions are issued under the Foreign Exchange Management Act, 1999. en-us Wed, 28 May 2008 00:00:00 +0530 Wed, 01 Oct 2008 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4304 The all-in-cost ceiling for trade credits for imports into India has been revised: the ceiling applicable to trade credits of up to one year is increased over the six month LIBOR benchmark, while the ceiling for more than one year up to three years remains unchanged. The amendment takes effect immediately, other trade credit conditions remain unchanged, amendments to the relevant FEMA regulations will follow, and AD Category I banks must notify their customers; directions are issued under the Foreign Exchange Management Act, 1999. Circulars FEMA Wed, 28 May 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4304