TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Updates Forward Contract Guidelines: Higher Limits for Importers and Exporters Based on Turnover History.</h1> The Reserve Bank of India has revised the guidelines for booking forward contracts based on past performance for importers and exporters. The eligible limit is now determined by the higher of the past three years' average turnover or the previous year's turnover. The permissible outstanding forward contracts have been increased to 50% of this limit, up from 25%, without a cap, provided amounts over 25% are deliverable. Limits are computed separately for export and import transactions. Importers and exporters seeking limits above 50% must apply through their Authorized Dealer to the RBI's Exchange Control Department.
TaxTMI 
TaxTMI 
