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Trade Credit Policy - Rupee (INR) Denominated trade credit

FEMA - 13 - Dated:- 10-9-2015 - RBI/2015-16/175 A.P. (DIR Series) Circular No.13 September 10, 2015 To, All Authorised Dealer Category - I Banks Madam/ Sir Attention of Authorized Dealer Category - I (AD Category - I) banks is invited to Schedule III to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 notified vide Notification No. FEMA 3/2000-RB dated May 03, 2000 read with Regulation 6(3) of the said Regulations regarding raising of trade credit (buy .....

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sible under the extant Foreign Trade Policy ii. Trade credit period for import of non-capital goods can be upto one year from the date of shipment or upto the operating cycle whichever is lower iii. Trade credit period for import of capital goods can be upto five years from the date of shipment iv. No roll-over / extension can be permitted by the AD Category - I bank beyond the permissible period v. AD Category - I banks can permit trade credit upto USD 20 mn equivalent per import transaction vi .....

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