Special Currency Basket valuation revised; Rupee value fixed, effective January 20, 2012, under FEMA directions. The circular revises the Special Currency Basket Rupee valuation originally notified earlier, fixes a new Rupee value and specifies the date it takes effect for conversion and settlement under the Deferred Payment Protocols; Category I Authorised Dealer banks are instructed to notify constituents, and the directions are issued under FEMA sections 10(4) and 11(1) without prejudice to other statutory permissions.
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Special Currency Basket valuation revised; Rupee value fixed, effective January 20, 2012, under FEMA directions.
The circular revises the Special Currency Basket Rupee valuation originally notified earlier, fixes a new Rupee value and specifies the date it takes effect for conversion and settlement under the Deferred Payment Protocols; Category I Authorised Dealer banks are instructed to notify constituents, and the directions are issued under FEMA sections 10(4) and 11(1) without prejudice to other statutory permissions.
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