Announcement
13 Mar 2018
The Indian central bank has discontinued issuance of letters of undertaking and comfort for import trade credit purposes.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
13 Mar 2018
Revocation date:
No revocation date
Announced: 13 Mar 2018
Import-related non-tariff measure, nes
In force
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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