Regulatory Alerts2023-06-26
Added
Extension of usance period against imports of industrial raw materials
The usance period for imports of industrial raw materials, including back to back imports, and imports of agricultural implements and chemical fertilizers under supplier’s or buyer’s credit is extended until December 31, 2023. This extension applies to the policy supports previously established in FE Circular No. 32 dated November 16, 2022, which increased the period from 180 days to 360 days. The extended usance period does not apply to imports under EDF loans, while other relevant instructions remain unchanged.
Share