Category Archives: Buyers Credit on Precious Metals

Buyers Credit on Gold Import

As per RBI Circular, Bank can open Letters of Credit and allow remittances on behalf of EOUs, units in SEZs in the Gem & Jewellery sector and the nominated agencies / banks, for direct import of gold, subject to the following The … Continue reading

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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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