https://www.taxtmi.com/circulars?id=2041 The eligible limit for booking forward contracts is the higher of the past three years' average export/import turnover or the previous year's turnover; outstanding forward contracts may not exceed 50% of that eligible limit, with amounts above 25% of the eligible limit permitted only on a deliverable basis. Export and import limits are computed separately and prior facility conditions remain applicable. en-us Tue, 09 Dec 2003 00:00:00 +0530 Sat, 04 Oct 2008 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2041 The eligible limit for booking forward contracts is the higher of the past three years' average export/import turnover or the previous year's turnover; outstanding forward contracts may not exceed 50% of that eligible limit, with amounts above 25% of the eligible limit permitted only on a deliverable basis. Export and import limits are computed separately and prior facility conditions remain applicable. Circulars FEMA Tue, 09 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2041