Trade Credits for Imports into India – Review of all-in-cost ceiling.

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....R Series) Circular No. 44 dated November 15, 2011 relating to the all-in-cost ceiling of Trade Credits for imports into India. 2.Considering the developments in the global financial markets and the fact that domestic importers were experiencing difficulties in raising trade credit within the existing all-in-cost ceiling, the all-in-cost ceiling for trade credit was enhanced to 6 months Libor + 35....

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....otice of their constituents and customers. 5. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (Dr. Sujatha Elizabeth Prasad) Chief General Manager Related Press Release 30 Mar 2012 Re....