Power bank definition limits the customs-duty exclusion, preserving concessional treatment for stationary, grid-scale and industrial battery storage s...
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Authorised Dealers must not permit rebooking of cancelled INR foreign exchange derivative contracts, whether deliverable or non-deliverable, with any Authorised Dealer. Rollovers of such contracts at maturity remain permissible, subject to the applicable risk-management requirements. The thresholds for hedging contracted exposures and for taking long or short INR currency-pair positions without establishing underlying exposure are reduced to USD 5 million equivalent outstanding across all Authorised Dealers or recognised stock exchanges, as applicable. Dealers must obtain and retain user undertakings confirming whether the underlying exposure has been hedged elsewhere, maintain supporting documents for at least two years, and ensure compliance with these requirements with immediate effect.
Authorised Dealers must not permit rebooking of cancelled INR foreign exchange derivative contracts, whether deliverable or non-deliverable, with any Authorised Dealer. Rollovers of such contracts at maturity remain permissible, subject to the applicable risk-management requirements. The thresholds for hedging contracted exposures and for taking long or short INR currency-pair positions without establishing underlying exposure are reduced to USD 5 million equivalent outstanding across all Authorised Dealers or recognised stock exchanges, as applicable. Dealers must obtain and retain user undertakings confirming whether the underlying exposure has been hedged elsewhere, maintain supporting documents for at least two years, and ensure compliance with these requirements with immediate effect.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
