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of <h1>Revised Merchanting Trade Guidelines for Banks: Goods Must Not Enter Domestic Tariff Area or Transform Under FEMA 1999.</h1> Attention is drawn to the revised merchanting trade guidelines for Authorised Dealer Category-I banks, emphasizing that goods in merchanting trade should not enter the Domestic Tariff Area or undergo transformation. Such goods must comply with the Foreign Trade Policy of India. For Nepal and Bhutan, which are landlocked, goods imported from third countries through India are considered traffic-in-transit under the respective treaties. Banks are advised to inform relevant parties of these guidelines, which are issued under the Foreign Exchange Management Act, 1999, and do not override other legal permissions or approvals.
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