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Merchanting Trade Transaction (MTT)

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Full Text of the Document

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....hall ensure that: (a) the period between the outward remittance and inward remittance or vice versa does not exceed six months: Provided that the Authorised Dealer may, on request citing reasons for delay, allow extension of time, if the Authorised Dealer is satisfied of the reasons cited. (b) outward remittances are sent only to the overseas seller and inward remit....

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