https://www.taxtmi.com/circulars?id=58043 Exchanges must adopt and publicise a Hedge Policy granting incremental, non transferable hedge limits to bona fide hedgers after case by case assessment of underlying physical market exposure. Hedge limits require documentary verification (e.g., bank certificates, warehouse receipts), are not available for near month contracts once near month limits apply, and across exchanges must not exceed actual or anticipated physical exposure. Non compliance can attract expulsion, trading prohibition or other penalties; approved limits are time bound and hedgers must retain records for at least three years. en-us Fri, 19 Aug 2016 00:00:00 +0530 Wed, 05 Dec 2018 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58043 Exchanges must adopt and publicise a Hedge Policy granting incremental, non transferable hedge limits to bona fide hedgers after case by case assessment of underlying physical market exposure. Hedge limits require documentary verification (e.g., bank certificates, warehouse receipts), are not available for near month contracts once near month limits apply, and across exchanges must not exceed actual or anticipated physical exposure. Non compliance can attract expulsion, trading prohibition or other penalties; approved limits are time bound and hedgers must retain records for at least three years. Circulars SEBI Fri, 19 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58043