Frequently Asked Questions (FAQs) Question and Answer
Q. Which items are allowable to import as deferred/usance/ suppliers'/buyers' credit basis?
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).
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