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May 2013

A. P. (DIR Series) Circular No. 98 dated 9th April, 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 all-in-cost ceiling, as under, in respect of trade credit will continue till 30th June, 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

 

 

 

More than 3 years and up to

 

5 years

 

 

 

The all-in-cost ceiling will include arranger fee, upfront fee, management fee, handling/processing charges, out of pocket and legal expenses, if any.
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