https://www.taxtmi.com/circulars?id=11812 AD Category I banks may approve trade credit for import of capital goods with extended maturities for infrastructure sector borrowers up to five years if the credit is contracted ab initio for at least fifteen months and is not a short term rollover; AD banks may not issue Letters of Credit/guarantees/LoU/LoC for the extended period beyond three years. The circular sets all in cost ceilings linked to the relevant benchmark for different maturity bands and affirms unchanged applicability of other trade credit rules. en-us Tue, 11 Sep 2012 00:00:00 +0530 Wed, 12 Sep 2012 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11812 AD Category I banks may approve trade credit for import of capital goods with extended maturities for infrastructure sector borrowers up to five years if the credit is contracted ab initio for at least fifteen months and is not a short term rollover; AD banks may not issue Letters of Credit/guarantees/LoU/LoC for the extended period beyond three years. The circular sets all in cost ceilings linked to the relevant benchmark for different maturity bands and affirms unchanged applicability of other trade credit rules. Circulars FEMA Tue, 11 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11812