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 ..... change Management (Borrowing or 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... been inserted with effect from 20th day of April, 2012, namely:- "(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 R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to have been substituted with effect from 11th day of September, 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Foreign Trade Policy (except Gold) with a maturity period (from the date 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3 vi. No. G.S.R. 208 (E) dated March 23, 2004 vii. No. G.S.R. 825 (E) dated December 22, 2004 viii. No. G.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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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