https://www.taxtmi.com/circulars?id=58022 Regional Commodity Derivatives Exchanges must fix the Due Date Rate through a board-level DDR Committee (majority non-trading members) that establishes a 15-member Spot Price Polling Panel from upcountry entities. Spot prices are polled by telephone with speaker on, recorded and retained for six months; polling occurs once daily during peak hours and the average of the last three days' available spot prices (not earlier than seven days before due date) is used. The Committee recommends DDR to the Board, which must approve or record reasons for modification; DDR is announced and records sent to the regulator. en-us Wed, 07 Sep 2016 00:00:00 +0530 Wed, 05 Dec 2018 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58022 Regional Commodity Derivatives Exchanges must fix the Due Date Rate through a board-level DDR Committee (majority non-trading members) that establishes a 15-member Spot Price Polling Panel from upcountry entities. Spot prices are polled by telephone with speaker on, recorded and retained for six months; polling occurs once daily during peak hours and the average of the last three days' available spot prices (not earlier than seven days before due date) is used. The Committee recommends DDR to the Board, which must approve or record reasons for modification; DDR is announced and records sent to the regulator. Circulars SEBI Wed, 07 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58022