https://www.taxtmi.com/notifications?id=4294 Amendment restricts rebooking of foreign exchange derivative contracts involving the rupee as one of the currencies, permitting rollovers at on going rates on or before maturity. Exceptions allow residents' contracts hedging current account transactions (not based on undocumented past performance or rupee settled foreign currency transactions) to be cancelled and rebooked freely at on going rates; export related contracts may also be cancelled, rebooked or rolled over at on going rates without restriction. The amendment is retrospective with a non adverse effect clarification. en-us Thu, 16 Mar 2006 00:00:00 +0530 Thu, 19 Jun 2025 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=4294 Amendment restricts rebooking of foreign exchange derivative contracts involving the rupee as one of the currencies, permitting rollovers at on going rates on or before maturity. Exceptions allow residents' contracts hedging current account transactions (not based on undocumented past performance or rupee settled foreign currency transactions) to be cancelled and rebooked freely at on going rates; export related contracts may also be cancelled, rebooked or rolled over at on going rates without restriction. The amendment is retrospective with a non adverse effect clarification. Notifications FEMA Thu, 16 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/notifications?id=4294