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>India Allows Oil Firms to Hedge 50% of Inventory Risk in Global Markets; Banks to Ensure Compliance.</h1> The circular addresses risk management and inter-bank dealings related to commodity hedging. It permits domestic oil marketing and refining companies in India to hedge up to 50% of their inventory's commodity price risk in international markets, using derivatives with a maximum one-year tenor. These activities must be conducted through authorized banks, which are required to ensure that the companies have board-approved policies for derivatives activities. Banks must also perform due diligence on the appropriateness and suitability of the hedging activities. All transactions should adhere to existing guidelines and be routed through designated banks.
TaxTMI 
TaxTMI 
