https://www.taxtmi.com/circulars?id=68819 The period for outlay of foreign exchange in Merchanting Trade Transactions has been increased to a six month window to facilitate efficient management; all other directions, including commencement and completion definitions based on shipment/export receipt and import payment, remain unchanged. The change is effective immediately for Authorised Dealer Category I banks and is issued under the Foreign Exchange Management Act without prejudice to other statutory permissions. en-us Wed, 01 Oct 2025 00:00:00 +0530 Wed, 18 Feb 2026 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68819 The period for outlay of foreign exchange in Merchanting Trade Transactions has been increased to a six month window to facilitate efficient management; all other directions, including commencement and completion definitions based on shipment/export receipt and import payment, remain unchanged. The change is effective immediately for Authorised Dealer Category I banks and is issued under the Foreign Exchange Management Act without prejudice to other statutory permissions. Circulars FEMA Wed, 01 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68819