Date: |
03-03-2015
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Notification No: |
RBI/2014-15/484 A.P. (DIR Series) Circular No.81
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Issuing Authority: |
RBI
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Type: |
A.P.D.(Series) Circulars
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File No: |
RBI/2014-15/484 |
Subject: |
Trade Credits for Imports into India — Review of all-in-cost ceiling
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RBI/2014-15/484
A.P. (DIR Series) Circular No. 81
March 03, 2015
To,
All Category - I Authorized Dealer Banks
Madam / Sir,
Trade Credits for Imports into India — Review of all-in-cost ceiling
Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to
A.P. (DIR Series) Circular No. 16 dated July 28, 2014 relating to the
all-in-cost ceiling of Trade Credits for imports into India.
- On a review it has been decided that the all-in-cost ceiling as specified
under paragraph 4 of
A.P. (DIR Series) Circular No.28 dated September 11, 2012
will continue to be applicable till March 31, 2015 and is subject to review
thereafter.
- All other aspects of Trade Credit policy remain unchanged. AD Category-I
banks may bring the contents of this circular to the notice of their
constituents and customers concerned.
- 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
(B. P. Kanungo)
Principal Chief General Manager
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