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Suppliers/Buyers Credit

Suppliers Credit

Suppliers credit relates to credit for imports extended by the overseas supplier. Axis Bank, Hong Kong extends seller's credit financing under L/C to banks.

Buyers Credit

Short Term Finance for payment of imports. Loans not exeeding 1 year for non Capital Goods and not exeeding 3 years for Capital Goods, can be extended against Letter of Undertaking from Banks in India.