Monthly Archives: July 2011

Import of Platinum, Palladium, Rhodium, Silver

To avail Buyer’s / Supplier’s Credit…E: sanjaymandavia@gmail.com, M: +919825560186 Reserve Bank of India (RBI) in its circular dated 28-08-2008 had revised guidelines for Import of Platinum, Palladium, Rhodium and Silver. Extracts of the circular are given below. Suppliers’ and Buyers’ credit, including the usance … Continue reading

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Buyer’s / Supplier’s Credit on Rough, Cut and Polished Diamonds

  To avail Buyer’s / Supplier’s Credit…. E: sanjaymandavia@gmail.com M: +919825560186 Reserve Bank of India (RBI) in its circular dated 06-05-2011 has revised guidelines for import of Rough, Cut and Polished Diamonds. Extracts are given below. Supplier’s Credit and Buyer’s Credit … Continue reading

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Buyer’s Credit Rollover

To avail Buyer’s / Supplier’s Credit…E: sanjaymandavia@gmail.com, M: +919825560186 One of the important factor in Buyer’s Credit is the tenure for which one can avail Buyer’s Credit. From RBI Regulation perspective, RBI allows buyer’s credit on import of raw material … Continue reading

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Buyer’s Credit from Mauritius Based Foreign Bank

To avail Buyer’s / Supplier’s Credit…E: sanjaymandavia@gmail.com, M: +919825560186 Since last week or so, Foreign bank branches based out of Mauritius are either not able to quote or are quoting above the RBI prescribed ceiling for 6 months LIBOR + 200 … Continue reading

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Buyer’s / Supplier’s Credit Consultants

To avail Buyer’s / Supplier’s Credit: Email: sanjaymandavia@gmail.com, Phone / Mobile: +919825560186 Who is Buyer’s / Supplier’s Credit Consultant ? Person / Firm who co ordinates with Indian Overseas Branches or Foreign Bank and arranges best possible quote for transactions. They … Continue reading

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Difference between Buyer’s Credit and Supplier’s Credit

To Avail Buyer’s / Supplier’s Credit….. E: sanjaymandavia@gmail.com, M:+919825560186 Supplier’s Credit can be arranged against LC transactions only, where as Buyer’s Credit can be arranged for any type of payment mode (LC Sight, LC Usane, DA and DP) except advance payment. … Continue reading

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Supplier’s Credit India – Meaning & Process

To Avail Buyer’s/Supplier’s Credit: E: sanjaymandavia@gmail.com, M: +919825560186 Definition / Meaning of Supplier’s Credit Supplier’s Credit relates to credit for imports into India extended by the overseas suppliers or financial institutions outside India. Usance Bills under Letter of Credit (LC) issued … Continue reading

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Buyer’s Credit in Cross Currency

To Avail Buyer’s Credit….. Email: sanjaymandavia@gmail.com, M: +919825560186 Question of Buyers Credit in Cross Currency comes up in below cases. International trade is carried out in USD, EUR, JPY and other currencies. But when it comes to arranging buyers credit, … Continue reading

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Letter of Comfort / Undertaking (LOC/LOU) Charges

To Avail Buyers Credit….. Email: sanjaymandavia@gmail.com, M: +919825560186 Letter of Comfort Charges Normally one would tend to look at Interest Cost provided by Foreign bank (Indian bank overseas branches or Foreign bank) on deciding which offer to accept. But this … Continue reading

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