https://www.taxtmi.com/circulars?id=11962 Trade credit for infrastructure-sector companies is permitted up to five years for imports of capital goods (DGFT classified), provided the credit is contracted ab initio for the prescribed minimum period and AD Category I banks do not issue LC/guarantees/LoU/LoC for the extended period beyond three years; existing trade credits benefit from a temporary relaxation reducing the abinitio contracting minimum from fifteen months to six months, while the fifteen month requirement continues for future credits. en-us Fri, 14 Dec 2012 00:00:00 +0530 Sat, 15 Dec 2012 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11962 Trade credit for infrastructure-sector companies is permitted up to five years for imports of capital goods (DGFT classified), provided the credit is contracted ab initio for the prescribed minimum period and AD Category I banks do not issue LC/guarantees/LoU/LoC for the extended period beyond three years; existing trade credits benefit from a temporary relaxation reducing the abinitio contracting minimum from fifteen months to six months, while the fifteen month requirement continues for future credits. Circulars FEMA Fri, 14 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11962