Can SBLC be issued by AD banks on behalf of their customers for availing short term trade finance from overseas lenders in foreign currency? https://www.taxtmi.com/manuals?id=5867 Authorised dealer banks may issue standby letters of credit on behalf of customers to obtain short term overseas trade credit in foreign currency, provided such SBLCs comply with the regulatory framework governing guarantees and co acceptances set out in the relevant Department of Banking Regulation master circular, as amended. en-us Thu, 21 Nov 2024 14:28:00 +0530 Thu, 21 Nov 2024 14:28:00 +0530 TaxTMI RSS Generator Can SBLC be issued by AD banks on behalf of their customers for availing short term trade finance from overseas lenders in foreign currency? https://www.taxtmi.com/manuals?id=5867 Authorised dealer banks may issue standby letters of credit on behalf of customers to obtain short term overseas trade credit in foreign currency, provided such SBLCs comply with the regulatory framework governing guarantees and co acceptances set out in the relevant Department of Banking Regulation master circular, as amended. Manuals FEMA Thu, 21 Nov 2024 14:28:00 +0530 https://www.taxtmi.com/manuals?id=5867