https://www.taxtmi.com/circulars?id=2645 Authorised Dealer Category I banks may allow importers and exporters to book forward contracts on declaration of exposure and past performance (computed as the higher of the three year average or the prior year's turnover), with eligible limits computed separately for imports and exports. Forward contracts booked beyond the eligible limit up to a regulatory threshold must be on a deliverable basis and cannot be cancelled; aggregate bookings during the year and outstanding at any time should not exceed the eligible limit and reporting requirements continue to apply. en-us Tue, 08 May 2007 00:00:00 +0530 Mon, 06 Oct 2008 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2645 Authorised Dealer Category I banks may allow importers and exporters to book forward contracts on declaration of exposure and past performance (computed as the higher of the three year average or the prior year's turnover), with eligible limits computed separately for imports and exports. Forward contracts booked beyond the eligible limit up to a regulatory threshold must be on a deliverable basis and cannot be cancelled; aggregate bookings during the year and outstanding at any time should not exceed the eligible limit and reporting requirements continue to apply. Circulars FEMA Tue, 08 May 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2645