https://www.taxtmi.com/circulars?id=2195 Authorised Dealer Category I banks may allow importers and exporters to book forward contracts based on a declaration of exposure and past performance (higher of three year average or prior year turnover), with separate eligible limits for imports and exports and the aggregate outstanding not to exceed the eligible limit. Forward contracts exceeding prescribed thresholds are deliverable and non cancellable. ADs must mark un documented bookings against limits, obtain declarations of bookings with other ADs, may require undertakings to produce documentary evidence, and must submit monthly utilisation reports; documentary proof removes the eligible limit constraint. en-us Wed, 13 Dec 2006 00:00:00 +0530 Fri, 03 Oct 2008 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2195 Authorised Dealer Category I banks may allow importers and exporters to book forward contracts based on a declaration of exposure and past performance (higher of three year average or prior year turnover), with separate eligible limits for imports and exports and the aggregate outstanding not to exceed the eligible limit. Forward contracts exceeding prescribed thresholds are deliverable and non cancellable. ADs must mark un documented bookings against limits, obtain declarations of bookings with other ADs, may require undertakings to produce documentary evidence, and must submit monthly utilisation reports; documentary proof removes the eligible limit constraint. Circulars FEMA Wed, 13 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2195