On a review of developments in the global financial markets and the fact that domestic importers are experiencing difficulties in raising Trade Credit within the existing all-in-cost (AIC) ceiling, it has been decided to revise the AIC for Trade Credits as under:

The all-in-cost ceilings include arranger fee, upfront fee, management fee, handling/ processing charges, out of pocket and legal expenses, if any.

The above amendment in Trade Credit will come into force immediately and the enhancement in all-in-cost ceiling is applicable upto March 31, 2012, subject to review thereafter.

Ajit Prasad
Assistant General Manager

Press Release : 2011-2012/763