TaxTMI 
TaxTMI 
Daily Price Limits (DPL) for Non-Agricultural Commodity Derivatives/ First Day DPL for All Commodity Derivatives
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..../ Madam, Sub.: Daily Price Limits (DPL) for Non-Agricultural Commodity Derivatives/ First Day DPL for All Commodity Derivatives 1. As per Section 131(4) of Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhile FMC or the Central Government applicable to recognised associations under the FCRA would continue to remain in fo....
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....es. 3. DPL for Non-Agri Commodity Derivatives 3.1. Following slabs shall be applied for DPL of all non-agricultural commodity derivatives: Name of Commodity Initial Slab of DPL 1st Enhanced Slab of DPL 2nd Enhanced Slab of DPL Aggregate DPL Steel 4% 2% Not Applicable 6% Gold 3% 3% 3% 9% Other Non-Agri Commodities (Presently being traded o....
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....f period of 15 minutes, the DPL shall be further relaxed by '2nd Enhanced Slab'. 3.3.2. During cooling off periods trading shall continue to be permitted within the previous slab of DPL. 3.3.3. In case price movement in referencable international market is more than the aggregate DPL, the same may be further relaxed in steps of 3% by Exchanges. Exchanges shall immediately inform Integrated S....
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....of the day then VWAP of the first ten trades during the day. The base price arrived as per (a) or (b) or (c) above, as the case may be, shall be calculated by the Exchange and shall be used to determine DPL for the remaining part of the day. 5. For any commodity derivatives, exchanges at their discretion may prescribe DPL narrower than the slabs prescribed by SEBI in case they require so bas....