- Revision: Merchanting Trade Transactions Norms (MTT) revised.
Key Changes:
- The time frame of the foreign exchange outlay has been stretched to a 6 month period.
- The total time of completing transactions is 9 months between the initial and final leg.
- Effective Date: Immediate; pursuant to Sections 10(4) and 11(1) of FEMA, 1999.
- Purpose: To offer operational things to Indian traders who involve themselves in MTT, where goods flow among foreign entities, without having to enter India.
Month: Current Affairs - October 14, 2025
Category: BANKING, FINANCE and BUSINESS