EXTERNAL FINANCING (BUYER’S/SUPPLIER’S CREDIT) FOR IMPORTS: ORDERLY REPAYMENT. REF: FEPD CIRCULAR NO. 27 DATED 01.07.2014.

Attention of the Authorized Dealers is invited to FEPD CIRCULAR NO. 22 DATED 01.06.2014 in terms of which bullet repayment terms against external import financing for eligible deferred payment imports are admissible only on financing for terms not exceeding six months, and only on shipments not exceeding USD 500,000 or equivalent in value.

In partial amendment to second paragraph, it has now been decided to enhance the limit of bullet repayment from USD 500,000 to USD 1,000,000. Hence, bullet repayment terms will be inadmissible for financing exceeding USD 1,000,000 or equivalent in value or for terms exceeding six months.

Other instructions of FEPD CIRCULAR NO. 22 DATED 01.06.2014 shall remain unchanged.

Please inform all your concerned constituents accordingly.

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