https://www.taxtmi.com/circulars?id=53892 Notification permits resident importers to raise Rupee (INR) denominated trade credit from overseas lenders under a loan agreement for imports (except gold). Tenors: non capital goods up to one year from shipment or the operating cycle, capital goods up to five years; no roll overs beyond permitted periods. AD Category - I banks may approve trade credit subject to a per transaction ceiling of USD 20 million equivalent, may provide guarantees/LOUs/letters of comfort for up to three years, and must ensure all in costs are market commensurate. Overseas lenders may hedge Rupee exposure in the on shore market through permitted derivatives; hedging guidelines to follow. en-us Thu, 10 Sep 2015 00:00:00 +0530 Thu, 10 Sep 2015 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53892 Notification permits resident importers to raise Rupee (INR) denominated trade credit from overseas lenders under a loan agreement for imports (except gold). Tenors: non capital goods up to one year from shipment or the operating cycle, capital goods up to five years; no roll overs beyond permitted periods. AD Category - I banks may approve trade credit subject to a per transaction ceiling of USD 20 million equivalent, may provide guarantees/LOUs/letters of comfort for up to three years, and must ensure all in costs are market commensurate. Overseas lenders may hedge Rupee exposure in the on shore market through permitted derivatives; hedging guidelines to follow. Circulars FEMA Thu, 10 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53892