https://www.taxtmi.com/circulars?id=52812 Authorised Dealer Category I banks may permit exporters with three years' satisfactory track record to receive long term export advances up to ten years for long term supply contracts, subject to conditions including firm irrevocable orders, demonstrable execution capacity, routing through one AD bank, adjustment through future exports, prohibition on using advances to repay NPA rupee loans, avoidance of double financing, AML/KYC and overseas buyer due diligence, and an interest cap at LIBOR plus 200 basis points; banks must report large advances and submit annual progress reports to the Reserve Bank. en-us Wed, 21 May 2014 00:00:00 +0530 Wed, 18 Feb 2026 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52812 Authorised Dealer Category I banks may permit exporters with three years' satisfactory track record to receive long term export advances up to ten years for long term supply contracts, subject to conditions including firm irrevocable orders, demonstrable execution capacity, routing through one AD bank, adjustment through future exports, prohibition on using advances to repay NPA rupee loans, avoidance of double financing, AML/KYC and overseas buyer due diligence, and an interest cap at LIBOR plus 200 basis points; banks must report large advances and submit annual progress reports to the Reserve Bank. Circulars FEMA Wed, 21 May 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52812