https://www.taxtmi.com/circulars?id=54179 Master Direction consolidates RBI directives under FEMA for Trade Credits, specifying eligible forms, recognised lenders, permitted currencies and maturities, hedging expectations and all-in-cost ceilings. It details admissible security (bank/overseas guarantees, charges on movable/immovable/financial assets, corporate/personal guarantees) subject to loan security clauses, no objection certificates and compliance with FEMA/FDI/SEZ norms. AD Category I banks must assign unique IDs to TCs and submit consolidated monthly Form TC returns to RBI, ensure no double financing for SEZ transactions, verify maturity/operating cycle limits, and confirm borrowers' risk management and hedging arrangements. en-us Tue, 26 Mar 2019 00:00:00 +0530 Tue, 17 Feb 2026 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54179 Master Direction consolidates RBI directives under FEMA for Trade Credits, specifying eligible forms, recognised lenders, permitted currencies and maturities, hedging expectations and all-in-cost ceilings. It details admissible security (bank/overseas guarantees, charges on movable/immovable/financial assets, corporate/personal guarantees) subject to loan security clauses, no objection certificates and compliance with FEMA/FDI/SEZ norms. AD Category I banks must assign unique IDs to TCs and submit consolidated monthly Form TC returns to RBI, ensure no double financing for SEZ transactions, verify maturity/operating cycle limits, and confirm borrowers' risk management and hedging arrangements. Circulars FEMA Tue, 26 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54179