TMI BlogMerchanting Trade Transactions - Revised GuidelinesX X X X Extracts X X X X X X X X Extracts X X X X ..... Merchanting Trade Transactions - Revised Guidelines - News and Press Release Dated:- 17-1-2014 - News - The Reserve Bank of India today released the revised guidelines on Merchanting Trade Transac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tions. The earlier guidelines on the subject were issued in 2003. Merchanting or Intermediary Trade involves purchase of goods by Indian residents from non-residents and then reselling them to another ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... non-resident directly without the goods touching the Indian ports. Although the merchanting trade transactions do not contribute to the exports from India, they result in net foreign exchange inflows ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . The Technical Committee on Services / Facilities to exporters (Chairman: Shri G. Padmanabhan) in its report (May 2013) recommended that the procedure be simplified. Under the revised guidelines, t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... otal period of merchanting trade has been extended from six months to nine months and short term financing for both export and import leg has been enabled. Half yearly reporting of outstanding merchan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ting trade by AD Banks has also been prescribed to ensure better monitoring. Ajit Prasad Assistant General Manager - News - Press release - PIB Tax Management India - taxmanagementindia - ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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