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>New Guidelines for Non-Resident Hedging of INR Trade Exposures: Two Models Explained for AD Category I Banks.</h1> The circular addresses Authorized Dealer Category I banks regarding facilities for hedging trade exposures invoiced in Indian Rupees. Non-residents can hedge currency risks from INR-invoiced exports and imports with these banks. The central treasury of non-resident groups is allowed to undertake hedges on their behalf. The circular outlines two models for hedging: Model I involves dealing through an overseas bank, while Model II involves direct dealings with an AD bank in India. Both models require documentation to confirm underlying trade transactions, and contracts once cancelled cannot be rebooked but may be rolled over. Compliance with KYC/AML norms is mandated.
TaxTMI 
TaxTMI 
