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 Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Amends Foreign Exchange Management Regulations to Allow Guarantees for Margin Money in Commodity Hedging</h1> The Foreign Exchange Management (Guarantees) (Second Amendment) Regulations, 2009, issued by the Reserve Bank of India, amend the Foreign Exchange Management (Guarantees) Regulations, 2000. Effective retrospectively from November 10, 2008, these regulations allow authorized dealers in India to provide guarantees or standby letters of credit for obligations incurred by Indian residents to foreign residents. This is specifically for margin money payments related to approved commodity hedging transactions, subject to terms set by the Reserve Bank. The amendment ensures no adverse effects due to its retrospective application.
TaxTMI 
TaxTMI 
