Regulatory Alerts2026-05-07 | EPD Circular Letter No. 10Permission for Import of Crude Oil and Petroleum Products on CIF Basis
The Exchange Policy Department has extended the validity of its CIF import relaxation for crude oil and petroleum products until July 10, 2026. Authorized foreign exchange dealers must promptly notify their constituents to ensure strict compliance with the updated terms originally established in March 2026. This directive applies to all import transactions processed under the CIF basis, effectively replacing previous expiration dates and streamlining regulatory oversight.
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