https://www.taxtmi.com/circulars?id=52466 Companies in all sectors may now avail trade credit up to USD 20 million for import of DGFT classified capital goods for up to five years; the ab initio contract period is reduced to six months. AD Category I banks remain subject to existing terms and conditions but are not permitted to issue LC/guarantees/LoU/LoC for any extended period beyond three years. Other Trade Credit policy aspects remain unchanged and the amendment is effective immediately under regulatory directions. en-us Tue, 24 Sep 2013 00:00:00 +0530 Wed, 25 Sep 2013 09:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52466 Companies in all sectors may now avail trade credit up to USD 20 million for import of DGFT classified capital goods for up to five years; the ab initio contract period is reduced to six months. AD Category I banks remain subject to existing terms and conditions but are not permitted to issue LC/guarantees/LoU/LoC for any extended period beyond three years. Other Trade Credit policy aspects remain unchanged and the amendment is effective immediately under regulatory directions. Circulars FEMA Tue, 24 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52466