https://www.taxtmi.com/news?id=24500 The Commerce Minister directed officials to address exporters' finance constraints and prepare Action Taken Reports; urged banks to liberalise lending and foreign exchange practices for exporters, encouraged greater foreign currency borrowing and exporter-led structural reforms; and proposed discussing with the central bank a reconsideration of mandatory foreign exchange conversion while noting that merchanting trade transactions are allowed only for goods permitted under the foreign trade policy and must involve genuine traders rather than financial intermediaries. en-us Fri, 24 Sep 2021 09:16:19 +0530 Fri, 24 Sep 2021 09:16:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24500 The Commerce Minister directed officials to address exporters' finance constraints and prepare Action Taken Reports; urged banks to liberalise lending and foreign exchange practices for exporters, encouraged greater foreign currency borrowing and exporter-led structural reforms; and proposed discussing with the central bank a reconsideration of mandatory foreign exchange conversion while noting that merchanting trade transactions are allowed only for goods permitted under the foreign trade policy and must involve genuine traders rather than financial intermediaries. News - Fri, 24 Sep 2021 09:16:19 +0530 https://www.taxtmi.com/news?id=24500