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

It has been decided that the all-in-cost ceiling as specified in A.P. (DIR Series) Circular No. 44 dated November 15, 2011 will continue to be applicable till March 31, 2013 and subject to review thereafter. All other aspects of Trade Credit policy remain unchanged.
The amended ECB policy will come into force with immediate effect and is subject to review based on the experience gained in this regard.
AD Category-I banks may bring the contents of this circular to the notice of their constituents and customers concerned.

To view the full text of the notification, please follow the link.

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