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TABLE - Commodities to which sec. 15 have been applied thereby rendering illegal all forward contracts except those entered into between members of a recognised association or through or with such a member. - FORWARD CONTRACTS (REGULATION) RULES, 1954Extract TABLE I Commodities to which sec. 15 have been applied thereby rendering illegal all forward contracts except those entered into between members of a recognised association or through or with such a member. Sl. No COMMODITY Notification No. Date Oilseeds and Oils 1 Groundnut 252 (E) dated 12.4.1999 2 Groundnut Oil -- do -- 3 Groundnut Oilcake -- do -- 4 Cottonseed -- do -- 5 Cottonseed Oil -- do -- 6 Cottonseed Oilcake -- do -- 7 Sesamum (Til or Jiljilli) -- do -- 8 Sesamum Oil -- do -- 9 Sesamum Oilcake -- do -- 10 Copra/Coconut -- do -- 11 Copra Oil/Coconut Oil -- do -- 12 Copra Oilcake/Coconut Oilcake -- do -- 13 Safflower -- do -- 14 Safflower Oil -- do -- 15 Safflower Oilcake -- do -- 16 Rapeseed/Mustard seed -- do -- 17 Rapeseed Oil/Mustard Oil -- do -- 18 Rapeseed Oilcake/ Mustard seed Oilcake -- do -- 19 Rice Bran -- do -- 20 Rice Bran Oil -- do -- 21 Rice Bran Oilcake -- do -- 22 Sunflower Seed -- do -- 23 Sunflower Oil -- do -- 24 Sunflower Oilcake -- do -- 25 RBD Palmolein -- dated 7.8.2000 26 Soybean 187 (E) dated 1.3.2001 27 Soy Oil 187 (E) dated 1.3.2001 28 Soy meal 187 (E) dated 1.3.2001 29 Linseed -- (E) dated 1.4.2003 30 Linseed oil -- (E) dated 1.4.2003 31 Linseed Oilcake -- (E) dated 1.4.2003 32 Celery seed -- (E) dated 1.4.2003 FOODGRAINS AND PULSES 33 Wheat -- (E) dated 1.4.2003 34 Gram -- (E) dated 1.4.2003 35 Jowar -- (E) dated 1.4.2003 36 Bajra -- (E) dated 1.4.2003 37 Maize -- (E) dated 1.4.2003 38 Ragi -- (E) dated 1.4.2003 39 Small Millets (Kodan Kulti, Kodra, Korra, Vargu, Sawan, Rala, Kakun, Samai, Vari Banti) -- (E) dated 1.4.2003 40 Tur(Arhar) -- (E) dated 1.4.2003 41 Urad (Mash) -- (E) dated 1.4.2003 42 Mung -- (E) dated 1.4.2003 43 Moth -- (E) dated 1.4.2003 44 Masur -- (E) dated 1.4.2003 45 Kulthi -- (E) dated 1.4.2003 46 Peas -- (E) dated 1.4.2003 47 Lakh (Khesari) -- (E) dated 1.4.2003 48 Barley -- (E) dated 1.4.2003 49 Guar -- (E) dated 1.4.2003 50 Rice or Paddy -- (E) dated 1.4.2003 51 Arhar Chuni -- (E) dated 1.4.2003 52 Mung Chuni -- (E) dated 1.4.2003 53 Tur Dal (Arhar Dal) -- (E) dated 1.4.2003 54 Urad dal -- (E) dated 1.4.2003 55 Mung dal -- (E) dated 1.4.2003 56 Gram Dal -- (E) dated 1.4.2003 Fibres and Manufactures 57 Indian Cotton (Full pressed, half pressed or loose 2522 dated 30.7.1954 58 Kapas 2456 dated 8.7.1964 59 Staple Fibre Yarn 2455 dated 8.7.1964 60 Jute goods (Hessian and Sakings and cloth and /or bags, twines and/or yarns mfd by any of the mills and/or any other manufacturers of whatever nature made from jute) 108 (E) dated 6.2.2001 61 Cotton pods -- (E) dated 1.4.2003 62 Cotton Yarn -- (E) dated 1.4.2003 63 Cotton Cloth -- (E) dated 1.4.2003 64 Art Silk Yarn -- (E) dated 1.4.2003 65 Raw Jute 1 (including Mesta) -- (E) dated 1.4.2003 Spices 66 Turmeric 880 dated 11.4.1956 67 Pepper 2 -- (E) dated 1.4.2003 68 Methi -- (E) dated 1.4.2003 69 Coriander seed -- (E) dated 1.4.2003 70 Aniseed -- (E) dated 1.4.2003 71 Betelnuts -- (E) dated 1.4.2003 72 Cardamom -- (E) dated 1.4.2003 73 Chillies -- (E) dated 1.4.2003 74 Cinnamon -- (E) dated 1.4.2003 75 Cloves -- (E) dated 1.4.2003 76 Ginger -- (E) dated 1.4.2003 77 Nutmegs -- (E) dated 1.4.2003 Metals 78 Gold -- (E) dated 1.4.2003 79 Silver -- (E) dated 1.4.2003 80 Silver Coins -- (E) dated 1.4.2003 81 Copper, Zinc, Lead or Tin -- (E) dated 1.4.2003 Others 82 Castorseed 333 (E) 16.4.1985 83 Potato 388 (E) 15.5.1985 84 Gur 2733 dated 10.8.1970 85 Sugar 430 (E) dated 14.5.2001 86 Khandsari Sugar -- (E) dated 1.4.2003 87 Shellac -- (E) dated 1.4.2003 88 Seedlac -- (E) dated 1.4.2003 89 Chara or Berseem (including charaseed or berseemseed) -- (E) dated 1.4.2003 90 Camphor -- (E) dated 1.4.2003 91 Gram Husk (Gram Chilka) -- (E) dated 1.4.2003 TABLE II COMMODITIES IN WHICH FORWARD CONTRACTS HAVE BEEN PROHIBITED UNDER SECTION 17. Sl. No COMMODITY REGION NIL TABLE III Commodities in which sec. 17 is applied to non-transferable specific delivery contracts are also prohibited in exercise of the powers confered under section 18 (3) of the act. Sl. No COMMODITY REGION NIL TABLE IV Commodities in respect of which sec. 15 is applied to non-transferrable specific delivery contracts also in exercise of the powers confered under section 18 (3) of the act Sl. No COMMODITY REGION NIL NOTES TO TABLES I, II, III IV. 1. TSD contracts, in the City of Calcutta, entered into for the import of Jute into India, are exempted. N.B.- i. In raw jute, hessian and sacking trading is permitted in TSD contracts. ii. East India Jute Hesian Exchange Ltd., Kolkatta is recognised for trading in Raw Jute only for TSD contracts. 2. In case of pepper, international futures‟ trading is permitted. In this case, one or both the parties to the forward contract can be a foreign participant. A. Besides the exemptions from the provisions of the FC(R) Act, 1952, mentioned above, the following general exemptions also have been granted: Exporters : Every forward contract, entered into between an exporter from India and an importer in foreign country, for the export out of India of any goods, is exempted from the operation of so much of provisions of Sections 15 to 18 of the Act, as are applicable thereto. B. According to Section 14 A of the FC(R) Act, 1952 no association can regulate trading in any type of forward contracts except under and in accordance with the conditions of certificate of registration granted by the FMC, under Section 14B of the said Act.
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