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Exempt commodity futures trading from stamp duty: FMC

Posted on 24 November 2011

The proposal for stamp duty exemption for trading in commodity derivatives has suddenly found many supporters. The Forward Markets Commission (FMC), under the ministry of consumer affairs (MCA), has strongly recommended to the ministry of finance that futures trading in commodities should be exempted from stamp duty completely.
“We have written to the finance ministry to fully exempt commodity futures trading from all types of stamp duty,” said a senior FMC official………………………………………..Full Article: Source


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