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Part C : RBI/FEMA
Given below are the highlights of certain RBI Circulars.
49 A.P. (DIR Series) Circular No. 42, dated
28-5-2008 — Trade credits for imports into India — Review of all-in-cost
ceiling.
This Circular has revised the all-in-cost ceiling in respect
of Trade Credits, with immediate effect, as under :
| Maturity period |
All-in-cost ceiling over 6-month LIBOR for the respective |
|
| Existing |
Revised | |
| Up to one year |
50 basis points |
75 basis points |
| More than one year up to three years |
125 basis points |
125 basis points |
