https://www.taxtmi.com/circulars?id=66077 Resident entities are permitted to hedge price risk of gold on exchanges in the International Financial Services Centre (IFSC) recognised by the International Financial Services Centres Authority, subject to eligibility and operational conditions in the Master Direction. The Master Direction Foreign Exchange Management (Hedging of Commodity Price Risk and Freight Risk in Overseas Markets) Directions, 2022 has been issued to implement this change; the directions are issued under statutory authority and remain without prejudice to any other legal permissions required. en-us Mon, 12 Dec 2022 00:00:00 +0530 Mon, 12 Dec 2022 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66077 Resident entities are permitted to hedge price risk of gold on exchanges in the International Financial Services Centre (IFSC) recognised by the International Financial Services Centres Authority, subject to eligibility and operational conditions in the Master Direction. The Master Direction Foreign Exchange Management (Hedging of Commodity Price Risk and Freight Risk in Overseas Markets) Directions, 2022 has been issued to implement this change; the directions are issued under statutory authority and remain without prejudice to any other legal permissions required. Circulars FEMA Mon, 12 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66077