After reports of banking fraud, the new regulations has impacted on timber imports from the overseas market. Banks are taking very importers to obtain credit and credit limit. Due to the banking support and lack of cash timber import business is severely affected. Importers who ply reporter almost all important banks told the reporter withdrew its features, as well as went to LC Facility expensive. The cost is also increased because the calculation of dates came to be considered the dispatch date, which was the date previously calculated delivery.
Read Full Article:- http://www.plyreporter.com/article/20129/strict-bank-credit-norms-hit-timber-import
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