Commodity derivative remittances permit authorised dealers to transfer foreign exchange for premiums, incidental payments, and approved transactions. Regulation 8 permits an authorised dealer in India to remit foreign exchange outside India for transactions undertaken under the foreign exchange ... Summary
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Commodity derivative remittances permit authorised dealers to transfer foreign exchange for premiums, incidental payments, and approved transactions.
Regulation 8 permits an authorised dealer in India to remit foreign exchange outside India for transactions undertaken under the foreign exchange derivative framework governing commodity derivative contracts. Permitted remittances include option premium payable by an Indian resident to a non-resident, incidental amounts connected with a compliant commodity derivative contract, and other commodity derivative contract-related remittances approved by the Reserve Bank.
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