https://www.taxtmi.com/circulars?id=53384 Goods acquired for merchanting trade must not enter the Domestic Tariff Area or be transformed, must be permitted under the prevailing Foreign Trade Policy, and must comply with export leg and import leg regulatory requirements (excluding Export Declaration Form and Bill of Entry). Where such goods are consigned to importers in Nepal and Bhutan from third countries through India under Customs Transit Declarations, they will qualify as traffic in transit if compliant with the India Nepal and Indo Bhutan Treaties of Transit. en-us Thu, 30 Apr 2015 00:00:00 +0530 Thu, 30 Apr 2015 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53384 Goods acquired for merchanting trade must not enter the Domestic Tariff Area or be transformed, must be permitted under the prevailing Foreign Trade Policy, and must comply with export leg and import leg regulatory requirements (excluding Export Declaration Form and Bill of Entry). Where such goods are consigned to importers in Nepal and Bhutan from third countries through India under Customs Transit Declarations, they will qualify as traffic in transit if compliant with the India Nepal and Indo Bhutan Treaties of Transit. Circulars FEMA Thu, 30 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53384