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August 2013

A. P. (DIR Series) Circular No. 09 dated July 11, 2013

By Gaurang Gandhi, Chartered Accountant
Reading Time 1 mins
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Trade Credits for Imports into India – Review of all-in-cost ceiling

This circular states that the present all-in-cost ceiling for trade credits, as mentioned below, will continue till 30th September, 2013: –

 Maturity period 

 All-in-cost ceilings over
6 months LIBOR for the
respective currency of credit
or applicable benchmark

 Up to 1 year

 350 basis points

 More than 1 year and up to
3 years

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