Global Trade Alert
Global Trade Alert

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India: Import trade credit against certain bank guarantees disallowed

Description

On 13 March 2018, the Reserve Bank of India through RBI/2017-18/139 A.P. (DIR Series) Circular No. 20 disallowed issuance of Letter of Undertaking and Letter of Comforts by dealer banks for trade cred...

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Intervention Details

Intervention Type

Import-related non-tariff measure, nes

MAST Chapter

Instrument unclear

Implementation date

13 Mar 2018

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 Products

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