Merchanting Trade Transactions (MTT) – Review of time period for outlay of foreign exchange

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.... Merchanting Trade Transactions (MTT) - Review of time period for outlay of foreign exchange Attention of Authorised Dealer Category - I banks (AD banks) is invited to Para 2 (vi) of A.P. (DIR Series) Circular No.20 dated January 23, 2020 wherein it has been indicated that 'The entire MTT shall be completed within an overall period of nine months and there shall not be any outlay of foreign e....