https://www.taxtmi.com/notifications?id=14944 The amendment adds a regulation allowing residents to enter into freight derivative contracts overseas to hedge freight risk, subject to Reserve Bank approval on application and to any terms, conditions and procedures the Reserve Bank prescribes; authorised dealers specially authorised by the Reserve Bank may permit oil refining and shipping companies to undertake such hedges under Reserve Bank directions and guidelines. The regulations are given retrospective effect with a clarification against adverse effect on persons. en-us Wed, 20 May 2009 00:00:00 +0530 Mon, 02 Apr 2012 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=14944 The amendment adds a regulation allowing residents to enter into freight derivative contracts overseas to hedge freight risk, subject to Reserve Bank approval on application and to any terms, conditions and procedures the Reserve Bank prescribes; authorised dealers specially authorised by the Reserve Bank may permit oil refining and shipping companies to undertake such hedges under Reserve Bank directions and guidelines. The regulations are given retrospective effect with a clarification against adverse effect on persons. Notifications FEMA Wed, 20 May 2009 00:00:00 +0530 https://www.taxtmi.com/notifications?id=14944