https://www.taxtmi.com/circulars?id=52743 Forward contracts booked up to seventy five percent of the eligible hedging limit may be cancelled with the exporter/importer bearing losses or receiving gains; contracts booked in excess of that threshold must be fully deliverable and cannot be cancelled, meaning the exporter/importer will bear any loss on cancellation but will not be entitled to any gain. Eligibility for hedging continues to be based on historical export or import turnover, and Authorised Dealer Category I banks must notify their constituents. en-us Thu, 27 Mar 2014 00:00:00 +0530 Thu, 27 Mar 2014 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52743 Forward contracts booked up to seventy five percent of the eligible hedging limit may be cancelled with the exporter/importer bearing losses or receiving gains; contracts booked in excess of that threshold must be fully deliverable and cannot be cancelled, meaning the exporter/importer will bear any loss on cancellation but will not be entitled to any gain. Eligibility for hedging continues to be based on historical export or import turnover, and Authorised Dealer Category I banks must notify their constituents. Circulars FEMA Thu, 27 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52743