Frequently Asked Questions (FAQs)
Question and Answer


Q. Which items are allowable to import as deferred/usance/ suppliers'/buyers' credit basis?


Answer:

BB has allowed import under deferred/usance/suppliers'/buyers' credit only for the items mentioned below:
(a) Import of capital machinery/spares for own use by industrial importers on up to 360 days usance basis;
(b) Industrial raw material imports for own use of industrial importers (including back to back imports discussed in detail in the next section) on up to 180 days usance basis;
(c) Import of coastal vessels including oil tankers and ocean going vessels including those procured for scrapping on up to 360 days usance basis;
(d) Import of agricultural implements and chemical fertilizers on up to 180 days basis;
(e) Import of life saving drugs (certified/declared as such by Drugs Administration Authority) on up to 90 days usance basis.
(f) Import of rice on up to 90 days usance basis (allowed till 31 December 2017).


Reference/ Related Link

FE Circular No 2, 2012  
FE Circular 27 dated 20 July 2017
Para 33(a), Ch 7, GFET}.



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