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Accounting and Auditing in India – The past, present and future
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As It Was, Is and May Be
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VAT/GST: A frightening but fascinating future-world…!
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Legal Considerations for Start-Ups – Are you overlooking some?
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ATR & AQMM – Audit Reports of Auditors!
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भारत पहले – 75 Year of Independence
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A voluntary organisation established on 6th July 1949, BCAS has presently more than 9,000 members from all over the country. BCAS is a principle-centered and learning-oriented organisation promoting quality service and excellence in the profession of Chartered Accountancy.
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August 2016

A. P. (DIR Series) Circular No. 78 dated June 23, 2016

By Gaurang Gandhi, Chartered Accountant

Reading Time 1 mins

Notification No. FEMA 365/2016-RB dated June 01, 2016

Permitting writing of options against contracted exposures by Indian Residents

This circular permits resident exporters and importers of goods and services to write (sell) standalone plain vanilla European call and put option contracts against their contracted exposure, i.e. covered call and covered put respectively, with any bank in India subject to operational guidelines, terms and conditions annexed in Annex I to this circular.

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August 2016

A. P. (DIR Series) Circular No. 78 dated June 23, 2016

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A. P. (DIR Series) Circular No. 77[2]/10[R] dated June 23, 2016

[2016-TIOL-1851-CESTAT-MUM] Bny Mellon International Operations India P. Ltd vs. Commissioner of Central Excise, Pune-III

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August 2016

A. P. (DIR Series) Circular No. 78 dated June 23, 2016

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A. P. (DIR Series) Circular No. 77[2]/10[R] dated June 23, 2016

[2016-TIOL-1851-CESTAT-MUM] Bny Mellon International Operations India P. Ltd vs. Commissioner of Central Excise, Pune-III