Monthly Archives: June 2011

Useful links in relation to Buyers Credit

To Avail Buyers Credit….. Email: sanjaymandavia@gmail.com, M: +919825560186 1. Current Exchange Rate 2. Future / Forward Rates of USD, EURO, GBP, JPY Relevant RBI Circulars in Relation to Forward Contract Comprehensive Guidelines on Over the counter (OTC) Foreign Exchange Derivatives and Overseas … Continue reading

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WHT (Withholding Tax) on interest on Buyers Credit

To Avail Buyers Credit….. Email: sanjaymandavia@gmail.com, M: +919825560186 What is WHT (Withholding Tax) ? Tax levied on the interest paid by the Indian corporates to overseas lenders on the loans taken from them Why is it a deterrent ? Rates … Continue reading

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RBI Trade Credit (Buyers/Suppliers Credit) Circular Extract

To Avail Buyers Credit….. Email: sanjaymandavia@gmail.com, M: +919825560186 Trade Credits’ (TC) refer to credits extended for imports directly by the overseas supplier, bank and financial institution for maturity of less than three years. Depending on the source of finance, such … Continue reading

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Procedure for Buyers Credit in India

To Avail Buyers Credit….. Email: sanjaymandavia@gmail.com, M: +919825560186 Further to my earlier post, before proceeding for buyers credit below checks need to done Internal Checks from your end: Non Fund based Limit. In order to avail buyers credit, it requires … Continue reading

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Buyer’s Credit – Definition & Meaning

To Avail Buyer’s / Supplier’s Credit: E: sanjaymandavia@gmail.com, M: +919825560186 News Flash: Buyers Credit all-in-cost ceiling of 6 Month L+350bps enhance for further 6 Months What is Buyer’s Credit? Buyer’s Credit refers to loans for payment of imports into India arranged on … Continue reading

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