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

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..... 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 + 350 .....

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..... tice 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 Rev .....

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..... ber 30, 2012, subject to review thereafter. Instructions have been issued vide A.P. (DIR Series) Circular Nos. 99 and 100 dated March 30, 2012. Ajit Prasad Assistant General Manager Press Release : 2011-2012/1571 Related Notifications Mar 30, 2012 External Commercial Borrowings (ECB) Policy - Review of all-in-cost ceiling Mar 30, 2012 Trade Credits for Imports into India - Review of all-in .....

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