Publication of notification on commodity trading contract under section 3(1)(d)(vi) of the International Financial Services Centres Authority Act, 2019.
The Gazette of India
CG-DL-E-13112026-277891
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 5957] NEW DELHI, FRIDAY, NOVEMBER 13, 2026/KARTIKA 22, 1948
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 13th November, 2026
S.O. 6196(E).— In exercise of the powers conferred by sub-clause (vi) of clause (d) of sub-section (1) of section 3 of the International Financial Services Centres Authority Act, 2019 (50 of 2019), the Central Government hereby notifies ‘commodity trading contract’ as financial product.
Explanation. – For the purpose of this notification, –
(a) “commodity” shall mean goods of every description, which are capable of being delivered and traded, but excludes:-
(i) actionable claims, money, currency, securities; (ii) any species or specimens listed under the Convention on International Trade in Endangered Species of Wild Fauna and Flora; and (iii) any items specified under Special Chemicals, Organisms, Materials, Equipment and Technologies by the Central Government;
(b) “commodity trading contract” shall mean a contract under which a unit of an International Financial Services Centre trades a commodity with another party.
2. This notification shall come into force on the date of its publication in the Official Gazette.
[F. No. 3/15/2022-EM]
ALOK TIWARI, Jt, Secy.
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