https://www.taxtmi.com/forum/issue?id=115317 Remittances for normal imports must be completed within six months from shipment, except where amounts are withheld as performance guarantees. AD Category I banks may allow delayed settlement for disputes or financial difficulties, with interest on delayed payments allowable only for a limited period. Deferred payment arrangements up to five years qualify as trade credits under ECB and trade credit procedures. Import of books is exempt from time limits provided interest rules are followed. A temporary extension for pandemic-related disruptions allows a longer completion period for eligible shipments, subject to contract terms and any supplier renegotiation. en-us Tue, 13 Aug 2019 09:13:27 +0530 Thu, 23 Jan 2025 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115317 Remittances for normal imports must be completed within six months from shipment, except where amounts are withheld as performance guarantees. AD Category I banks may allow delayed settlement for disputes or financial difficulties, with interest on delayed payments allowable only for a limited period. Deferred payment arrangements up to five years qualify as trade credits under ECB and trade credit procedures. Import of books is exempt from time limits provided interest rules are followed. A temporary extension for pandemic-related disruptions allows a longer completion period for eligible shipments, subject to contract terms and any supplier renegotiation. Discussion-Forum FEMA Tue, 13 Aug 2019 09:13:27 +0530 https://www.taxtmi.com/forum/issue?id=115317