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CHAPTER 12: Export Financing  > Payment Schedules

Payment Schedules

The other key factor in choosing financing is time. Export financing is usually classified as short term (payment made in under 180 days), intermediate term (payment periods up to five years), and long term (payment periods longer than five years). Since the mid-1990s, India has made several changes to its foreign currency exchange laws that have a direct bearing on financing exports into the country. Here are some of the recent restrictions, as pointed out by the U.S. Commercial Service:

Indian importers can freely make limited down payments, in U.S. dollars, outside the country for certain capital products (such as machinery).

Above a certain dollar amount, the importer must obtain a bank guarantee for the full amount, and the full shipment should be received within ninety days.


  

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