Jinkushal Industries Limited has informed the Exchange that RBI extends Merchanting Trade Transaction (MTT) cycle from four to six months a positive development for the Company s export operations
JKIPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jinkushal Industries Limited has informed the exchange that the RBI has increased the Merchanting Trade Transaction (MTT) cycle period from four months to six months. MTT refers to trade where an Indian company buys goods from a foreign supplier and sells them to another foreign buyer, without the goods entering India. The company has called this a positive development for its export operations, as the longer window gives more flexibility to source and deliver goods to overseas buyers without time pressure.
This is a positive regulatory change for shareholders — Jinkushal Industries can now execute larger or more complex export deals that need extra time, which could support better deal flow and margins in its export trading business.