REF. MR/CIR/2021/007 March 3, 2021
To, The Members of the Council
Sub: Currency Hedging in Export Contracts-Study and Examination
It is to inform that the Council has received a communication from the Department of Commerce, Ministry of Commerce and Industry regarding a review meeting taken by the Hon'ble Commerce and Industry Minister wherein it has been identified for urgent action to "Study and Examine Currency Hedging in export contracts".
In this regard, the EPCs and the Trade Bodies including our Council, are requested to furnish a report on the problems being faced due to the above issue by tomorrow [4th March 2021] noon.
Therefore, Members of this Council are requested to kindly send relevant inputs in the matter as soon as possible so that a consolidated reply can be sent to the Ministry on time tomorrow as desired.
Inputs may be sent to Shri Kripabar Baruah, Joint Director at email@example.com