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.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

08 Nov 2013

Revocation date:

No revocation date

Updated: 08 Nov 2013
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...

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