Friday 17 August 2018

Timber imports affected by tighter credit standards in banks




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


No comments:

Post a Comment

The Fate of Genuine Is 710 Grade Plywood Is Back - Rajiv Parashar, Editor, Ply Reporter

The Indian plywood Industry suddenly begin to love genuine PF after tightening by the Govt. to curb use of agriculture grade urea for making...