GST offence classification determines whether arrest and bail restrictions apply, while continued custody requires an individualised necessity assessm...
INR non-deliverable derivative contracts may be offered by Authorised Dealers to non-resident users only for hedging, replacing the previous unrestricted-purpose position. Authorised Dealers must maintain a Foreign Exchange Risk Reserve for INR foreign exchange derivative contracts undertaken to hedge currency risk on their own assets and liabilities where they purchase foreign currency against INR. The reserve must equal 20 per cent of each contract's INR-equivalent notional amount, be maintained as a daily cash deposit in India with RBI until contract termination, and applies to contracts undertaken after issuance of the directions.
INR non-deliverable derivative contracts may be offered by Authorised Dealers to non-resident users only for hedging, replacing the previous unrestricted-purpose position. Authorised Dealers must maintain a Foreign Exchange Risk Reserve for INR foreign exchange derivative contracts undertaken to hedge currency risk on their own assets and liabilities where they purchase foreign currency against INR. The reserve must equal 20 per cent of each contract's INR-equivalent notional amount, be maintained as a daily cash deposit in India with RBI until contract termination, and applies to contracts undertaken after issuance of the directions.
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TaxTMI 
TaxTMI 
