Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
The circular modifies certain requirements related to Offshore Derivative Instruments (ODIs) and Foreign Portfolio Investors (FPIs) with segregated portfolios. Key changes include: FPIs to issue ODIs only through a separate dedicated registration with no proprietary investments, except for ODIs with government securities as underlying. ODIs cannot have derivatives as underlying and must be fully hedged with the same securities on a one-to-one basis. Certain ODI subscribers exceeding specified thresholds in equity ODI positions or Indian market exposure must provide additional disclosures on ownership and control structure. FPIs with segregated portfolios to comply with disclosure requirements individually for each segregated portfolio. Transitory provisions allow phasing out of existing non-compliant positions over one year. The circular aims to address regulatory arbitrage and promote market development and regulation.
The circular modifies certain requirements related to Offshore Derivative Instruments (ODIs) and Foreign Portfolio Investors (FPIs) with segregated portfolios. Key changes include: FPIs to issue ODIs only through a separate dedicated registration with no proprietary investments, except for ODIs with government securities as underlying. ODIs cannot have derivatives as underlying and must be fully hedged with the same securities on a one-to-one basis. Certain ODI subscribers exceeding specified thresholds in equity ODI positions or Indian market exposure must provide additional disclosures on ownership and control structure. FPIs with segregated portfolios to comply with disclosure requirements individually for each segregated portfolio. Transitory provisions allow phasing out of existing non-compliant positions over one year. The circular aims to address regulatory arbitrage and promote market development and regulation.
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