Regulatory Alerts2021-04-06
Added
FEPD Circular No. 16: Disposal of foreign loan/supplier's credit proposals of private sector enterprises
Importers registered with BIDA or the Department of Textiles may submit applications to BIDA for extension of usance period or refinancing for permissible deferred imports with credit exposure beyond one year. Such applications must be submitted to BIDA at least one month before the maturity of the concerned deferred imports. This procedure applies to bonafide requirements exceeding the one-year duration previously subject to general authorization under GFET-2018.
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