https://www.taxtmi.com/acts?id=2394 Procedure for approval to hedge commodity price risk requires a resident exporter/importer or permitted person to apply to the International Banking Division of an authorised dealer with a hedging strategy description (business activity, risk nature, instruments, exchanges/brokers, credit lines, exposure size/tenure and peak positions) and a management-approved Risk Management Policy detailing risk identification, measurement, revaluation/monitoring procedures, authorised officials and limits. The authorised dealer may forward the application with recommendations to the Reserve Bank where applicable or the company may approach an authorised dealer bank empowered to grant permission. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 18 Jun 2025 17:27:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2394 Procedure for approval to hedge commodity price risk requires a resident exporter/importer or permitted person to apply to the International Banking Division of an authorised dealer with a hedging strategy description (business activity, risk nature, instruments, exchanges/brokers, credit lines, exposure size/tenure and peak positions) and a management-approved Risk Management Policy detailing risk identification, measurement, revaluation/monitoring procedures, authorised officials and limits. The authorised dealer may forward the application with recommendations to the Reserve Bank where applicable or the company may approach an authorised dealer bank empowered to grant permission. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2394