https://www.taxtmi.com/circulars?id=60159 The revised framework governs raising Trade Credits for imports under automatic and approval routes, permitting FCY or INR denominated suppliers' and buyers' credit to resident importers subject to eligibility of lenders, specified maturities by import type, an all in cost ceiling linked to a benchmark plus spread, currency conversion rules, hedging and risk management requirements, permitted security arrangements with safeguards, and mandatory monthly and quarterly reporting by AD Category I banks; ADs must ensure compliance and prevent double financing, with directions issued under FEMA provisions. en-us Wed, 13 Mar 2019 00:00:00 +0530 Thu, 14 Mar 2019 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60159 The revised framework governs raising Trade Credits for imports under automatic and approval routes, permitting FCY or INR denominated suppliers' and buyers' credit to resident importers subject to eligibility of lenders, specified maturities by import type, an all in cost ceiling linked to a benchmark plus spread, currency conversion rules, hedging and risk management requirements, permitted security arrangements with safeguards, and mandatory monthly and quarterly reporting by AD Category I banks; ADs must ensure compliance and prevent double financing, with directions issued under FEMA provisions. Circulars FEMA Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60159