What are all the commodities available for physical delivery? | |
Most of the agriculture commodities in all exchanges are available for physical delivery. To know more: MCX: http://www.mcxindia.com/SitePages/Delivery.aspx NCDEX: http://www.ncdex.com/ClearingServices/ClearingServicesOthers.aspx | |
What is warehouse receipt? | |
A warehouse receipt is a document that provides proof of ownership of commodities (e.g., bars of copper) that are stored in a warehouse, vault, or depository for safekeeping. | |
Warehouse receipts may be negotiable or non-negotiable. Negotiable warehouse receipts allow transfer of ownership of that commodity without having to deliver the physical commodity. Warehouse receipts also guarantee existence and availability of a commodity of a particular quantity, type, and quality in a named storage facility. | |
Do I have to pay sales tax on all trades? Is registration is mandatory? | |
No. Sales tax is not mandatory, if it is squared off before the expiry of the contract. The sales tax is required only in case of trade resulting into delivery. | |
What are the charges for taking delivery? | |
Apart from normal brokerage and transaction charges, a client or investor has to pay delivery brokerage, Value added tax or VAT and warehouse charge. These charges vary depending upon commodities. |
moneyy99
Sunday, 31 July 2016
Commodity - Delivery
Posted By:
Money99
- July 31, 2016
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