https://www.taxtmi.com/circulars?id=64738 Sellers who default on delivery will incur a penalty consisting of a fixed percentage of the settlement price plus a replacement cost component, with differing replacement cost calculations for agricultural and non agricultural commodities; Clearing Corporations may vary penalties in consultation with the regulator. Penalty apportionment requires a mandatory deposit into the Settlement Guarantee Fund, a limited retention by the Clearing Corporation for administration, and payment of the balance plus replacement cost to the buyer entitled to delivery. Buyer default penalties are to be levied based on losses to the non defaulting seller but capped at delivery margins collected from the defaulting buyer. en-us Tue, 23 Mar 2021 00:00:00 +0530 Tue, 23 Mar 2021 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64738 Sellers who default on delivery will incur a penalty consisting of a fixed percentage of the settlement price plus a replacement cost component, with differing replacement cost calculations for agricultural and non agricultural commodities; Clearing Corporations may vary penalties in consultation with the regulator. Penalty apportionment requires a mandatory deposit into the Settlement Guarantee Fund, a limited retention by the Clearing Corporation for administration, and payment of the balance plus replacement cost to the buyer entitled to delivery. Buyer default penalties are to be levied based on losses to the non defaulting seller but capped at delivery margins collected from the defaulting buyer. Circulars SEBI Tue, 23 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64738