https://www.taxtmi.com/circulars?id=52559 Banks with a firm loan sanction or commitment on or before November 30, 2013 may enter into a forward-forward swap selling forward the contracted foreign currency for delivery up to December 31, 2013; failure to deliver on the contracted date requires payment of the difference between the contracted concessional swap rate and the market swap rate plus one hundred basis points, with all other notified swap terms unchanged and the relaxation available only for contracts entered into up to November 30, 2013. en-us Fri, 22 Nov 2013 00:00:00 +0530 Sat, 23 Nov 2013 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52559 Banks with a firm loan sanction or commitment on or before November 30, 2013 may enter into a forward-forward swap selling forward the contracted foreign currency for delivery up to December 31, 2013; failure to deliver on the contracted date requires payment of the difference between the contracted concessional swap rate and the market swap rate plus one hundred basis points, with all other notified swap terms unchanged and the relaxation available only for contracts entered into up to November 30, 2013. Circulars FEMA Fri, 22 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52559