https://www.taxtmi.com/forum/issue?id=5191 Buyer's Credit is a short-term overseas loan arranged for importers where an overseas bank funds the Indian bank or exporter, the importer records the borrowing as a loan, and repayment is made to the overseas lender via the Indian bank. The process requires an overseas offer, issuance of a Letter of Undertaking by the importer's bank, disbursement to the nostro or exporter, and recovery of principal and interest from the importer. Costs include overseas interest, issuance fees for the undertaking, arrangement and hedging charges, intermediary bank fees and withholding tax. Transactions are subject to external commercial borrowing regulatory limits and all-in-cost ceilings. en-us Wed, 16 Jan 2013 06:14:52 +0530 Thu, 23 Jan 2025 15:57:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5191 Buyer's Credit is a short-term overseas loan arranged for importers where an overseas bank funds the Indian bank or exporter, the importer records the borrowing as a loan, and repayment is made to the overseas lender via the Indian bank. The process requires an overseas offer, issuance of a Letter of Undertaking by the importer's bank, disbursement to the nostro or exporter, and recovery of principal and interest from the importer. Costs include overseas interest, issuance fees for the undertaking, arrangement and hedging charges, intermediary bank fees and withholding tax. Transactions are subject to external commercial borrowing regulatory limits and all-in-cost ceilings. Discussion-Forum Companies Law Wed, 16 Jan 2013 06:14:52 +0530 https://www.taxtmi.com/forum/issue?id=5191