Global Trade Alert
Global Trade Alert

India: Third-party payments allowed for exports and imports

Announcement

08 Nov 2013

In November 2013, the government of India announced a change in the settlement of trade invoices.

Source

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

1 in force

Implementation date

08 Nov 2013

Revocation date:

No revocation date

Trade payment measure In force

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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