Regulatory Alerts2018-06-28
Added · Updated
Validity of LCAF for importation of HR coil, Scrap, Pig iron & Sponge iron under deferred payment basis
LCAFs issued for the import of HR coil, Scrap, Pig iron, and Sponge iron for manufacturing flat and long steel for use in own factories of steel industries under a 360 days deferred payment basis remain valid for remittances for 18 months following the month of issuance. This period extends beyond the standard one-year validity specified in Paragraph 6(c), Section – 1, Chapter – 7 of the Guidelines for Foreign Exchange Transactions (GFET), 2018. All other instructions within that section of the GFET, 2018 remain unchanged.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.
Topics
fx
Share