Regulatory Alerts2019-05-22
Added · Updated
FEPD Circular No. 24: Import of raw materials on deferred payment basis by power generating enterprises
The usance period for the import of raw materials on a deferred payment basis is enhanced from 180 days to 360 days for power generating enterprises only. This amendment applies specifically to Paragraph 33(a)(ii), Chapter 7 of the Guidelines for Foreign Exchange Transactions-2018, Vol-1. All other instructions regarding this matter remain unchanged.
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