Extended Usance Period Against Imports of Industrial Raw Materials

As per FE Circular No. 08 dated 20 January 2025, the usance period for imports of industrial raw materials (including back-to-back imports), agricultural implements, and chemical fertilizers under suppliers’/buyers’ credit was extended from 180 days to 360 days, effective until 31 December 2025.

This circular reiterates that the instructions under the above-mentioned circular will remain effective until 31 December 2025. However, as before, the extended usance period will not be applicable for imports made under export development fund loans.