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Discontinuance of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade Credits

FEMA - 20 - Dated:- 13-3-2018 - RBI/2017-18/139 A.P. (DIR Series) Circular No. 20 March 13, 2018 All Authorised Dealer Category - I Banks Madam/ Sir Attention of Authorised Dealer Category - I ( .....

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n Foreign Currency by Authorised Dealers and Persons other than Authorised Dealers (Master Direction), as amended from time to time, on the issuance of LoUs/ LoCs/ guarantees for Trade Credits for imports into India under delegated powers of AD banks .....

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ees for Trade Credits for imports into India may continue to be issued subject to compliance with the provisions contained in Department of Banking Regulation Master Circular No. DBR. No. Dir. BC.11/13.03.00/2015-16 dated July 1, 2015 on Guarantees a .....

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