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TMI BlogForeign Exchange Management (Borrowing or Lending in Foreign Exchange) (Second Amendment) Regulations, 2013X X X X Extracts X X X X X X X X Extracts X X X X ..... r Lending in Foreign Exchange) (Second Amendment) Regulations, 2013 G.S.R. 384(E) - In exercise of the powers conferred by clause (d) of sub-section (3) of section 6, and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Borrowing or Lending in Foreign Exchang ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ely:- "(xiv) Rescheduling of an existing Foreign Currency Borrowing "Rescheduling of outstanding amounts of loans raised in foreign exchange in accordance with the Act or the Rules and Regulations made thereunder, may be made in accordance with this Schedule at a higher cost of borrowing within the all-in-cost ceiling prescribed by the Reserve Bank, under sub-paragraph (v), from time to time." ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 2012, namely, (1) Foreign currency credit/loan extended for imports into India by 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate of shipment) up to one year. For import of capital goods, ADs are permitted to approve trade credits up to USD 20 million per import transaction with a maturity period of more than one year and 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 / extens ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... S.R. 60 (E) dated February 9, 2005 ix. No. G.S.R. 739 (E) dated December 22, 2005 x. No. G.S.R. 663 (E) dated October 16, 2007 xi. No. G.S.R. 61 (E) dated January 30, 2009 xii. No. G.S.R. 547 (E) dated July 27, 2009 xiii. No. G.S.R. 836 (E) dated November 23, 2009 xiv. No. G.S.R. 610 (E) dated August 03, 2012 xv. No. G.S.R. 832 (E) dated November 17, 2012 xvi. No. G.S.R. 886 (E) dated Dece ..... X X X X Extracts X X X X X X X X Extracts X X X X
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