Global Trade Alert
Global Trade Alert

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India: Third-party payments allowed for exports and imports

Description

On 8 November 2013, the Reserve Bank of India (RBI) liberalised the procedure for payments and receipts of internationally traded goods. Earlier the payments for exports or imports had to be made by...

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Intervention Details

Intervention Type

Trade payment measure

MAST Chapter

G: Finance measures

Implementation date

08 Nov 2013

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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