Trade Credit (Regulation 6(3))

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.... the overseas supplier, bank and financial institution, is hereinafter referred to as 'Trade Credit' - (a) for original maturity of up to five years, subject to the terms and conditions as may be stipulated by the Reserve Bank from time to time, in respect of a company resident in India engaged exclusively in the development of infrastructure; (b) for original maturity of....

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....d up to five years in respect of a company resident in India engaged exclusively in the development of infrastructure and less than three years in respect of other resident entities. No roll-over / extension will be permitted by the AD beyond the permissible period.] 3. Trade Credit exceeding USD 20 million per import transaction will require the prior approval of the Reserve Bank of India. ....