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November 2012

A. P. (DIR Series) Circular No. 39 dated 9th October, 2012

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 below mentioned all-incost ceiling for trade credit for imports into India will continue till further notice: –

 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

 More than 3 years and up to 5 years

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