https://www.taxtmi.com/circulars?id=53939 Resident individuals, firms and companies are permitted to book foreign exchange forward and FCY INR option contracts up to USD 1,000,000 on the basis of a simple self declaration without production of underlying documents; contracts will normally be deliverable, cancellation and rebooking are allowed, and AD Category I banks may require underlying documents at rebooking based on track record. Suitability and appropriateness norms, AML/KYC certification by the bank, and reporting in prescribed Annex formats apply. en-us Thu, 08 Oct 2015 00:00:00 +0530 Thu, 08 Oct 2015 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53939 Resident individuals, firms and companies are permitted to book foreign exchange forward and FCY INR option contracts up to USD 1,000,000 on the basis of a simple self declaration without production of underlying documents; contracts will normally be deliverable, cancellation and rebooking are allowed, and AD Category I banks may require underlying documents at rebooking based on track record. Suitability and appropriateness norms, AML/KYC certification by the bank, and reporting in prescribed Annex formats apply. Circulars FEMA Thu, 08 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53939