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    <title>Corrigendum to Circular no. SMDRP/POLICY/CIR-32/2000 dated July 27, 2000</title>
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    <description>Incremental Carry Forward Margin (ICFM) is levied in addition to carry forward margin when carry forward positions exceed specified thresholds; ICFM is charged at the higher of two rate schedules-one by Net Outstanding Market Position bands and one by Carry Forward Net Position percentage bands-so that progressively higher rates apply with larger absolute or percentage positions, and other provisions of the original circular remain unchanged.</description>
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      <link>https://www.taxtmi.com/circulars?id=62139</link>
      <description>Incremental Carry Forward Margin (ICFM) is levied in addition to carry forward margin when carry forward positions exceed specified thresholds; ICFM is charged at the higher of two rate schedules-one by Net Outstanding Market Position bands and one by Carry Forward Net Position percentage bands-so that progressively higher rates apply with larger absolute or percentage positions, and other provisions of the original circular remain unchanged.</description>
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