EXTERNAL FINANCING FOR IMPORTS (BUYERS’/SUPPLIERS’ CREDIT): ORDERLY REPAYMENT. REF: FEPD CIRCULAR NO. 31 DATED 24.08.2014.

Please refer to FEPD CIRCULAR NO. 22 DATED 01.06.2014 and FEPD CIRCULAR NO. 27 DATED 01.07.2014 respectively on the captioned subject. FEPD Circular No. 27 dated 01.07.2014 exempted eligible deferred payment imports of up to 6 month tenure and up to USD 1.00 million in value from installment repayment on quarterly basis. It has since been decided that the exemption from quarterly installment repayment will apply regardless of import value in case of deferred payment imports of up to 6 month term in bulk for the following unprocessed/crude food items:

(a) unrefined edible oil and oil seeds imports by refiners/millers,

(b) crude sugar imports by refiners and

(c) unground (whole) wheat imports by flour mills.

Please inform all your concerned constituents accordingly.

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