Regulatory Alerts2022-11-16
Added
FEPD Circular No. 32: 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 June 30, 2023. This extension applies to the policy supports previously contained in FE Circular No. 18 dated July 20, 2022, which increased the usance period to 360 days. The extended usance period remains inapplicable for imports under EDF loans, and all other relevant instructions remain unchanged.
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