Hedging under past performance: importers can book forward contracts up to full eligible limit under FEMA route. Importers may book forward contracts under the past performance route up to 100% of the eligible limit, computed as the higher of the three year average import turnover or the previous year's actual import turnover; importers who booked up to the prior 50% ceiling may avail the additional difference, and all existing operational guidelines, terms and conditions apply mutatis mutandis.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Hedging under past performance: importers can book forward contracts up to full eligible limit under FEMA route.
Importers may book forward contracts under the past performance route up to 100% of the eligible limit, computed as the higher of the three year average import turnover or the previous year's actual import turnover; importers who booked up to the prior 50% ceiling may avail the additional difference, and all existing operational guidelines, terms and conditions apply mutatis mutandis.
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