Regulatory Alerts2025-01-20
Added
Extension of usance period against imports of industrial raw materials
The usance tenure for imports of industrial raw materials, including back-to-back imports and imports of agricultural implements and chemical fertilizers, is extended to 360 days until December 31, 2025. This extended period applies to suppliers’ and buyers’ credit under the Guidelines for Foreign Exchange Transactions-2018 but is explicitly excluded for imports under EDF loans. Authorized Dealers must observe the payment behavior framework outlined in FE Circular No. 30 and are prohibited from extending foreign currency exposure for relevant usance imports beyond the prescribed period.
Topics
fx
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