Our client provides ITES services to US and books its bills in Dollar. It hedges the recepits using the product forward foreign exchange contracts,as allowed by the RBI in its circular. We have to give a certificate that,the amount hedged by our client does not exceed its actual recepits,using average of last three years recepits-i.e.Past Performance Facility.
How should I go about it? What all documents need to be checked?
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