https://www.taxtmi.com/news?id=23344 Approval establishes a framework for IFSC Banking Units (IBUs), specifying requirements for their setup, permitting foreign currency accounts for eligible residents and non residents under remittance provisions, defining permissible IBU activities including credit enhancement, credit insurance, portfolio transactions, factoring and forfaiting of export receivables, and equipment leasing, and authorising the Authority to determine INR denominated business provided settlement occurs in freely convertible foreign currency. en-us Thu, 12 Nov 2020 08:47:25 +0530 Thu, 12 Nov 2020 08:47:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23344 Approval establishes a framework for IFSC Banking Units (IBUs), specifying requirements for their setup, permitting foreign currency accounts for eligible residents and non residents under remittance provisions, defining permissible IBU activities including credit enhancement, credit insurance, portfolio transactions, factoring and forfaiting of export receivables, and equipment leasing, and authorising the Authority to determine INR denominated business provided settlement occurs in freely convertible foreign currency. News - Thu, 12 Nov 2020 08:47:25 +0530 https://www.taxtmi.com/news?id=23344