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        FEMA

        Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between the Government of India and erstwhile USSR

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        Special currency basket value revised - rupee valuation updated, affecting deferred payment protocols and AD bank obligations. The rupee value of the special currency basket for Deferred Payment Protocols has been revised from Rs.58.6989 (effective June 24, 2004) to Rs.60.5127 effective November 27, 2004; Authorised Dealer banks are directed to inform their constituents. The circular is issued under the Foreign Exchange Management Act, 1999 and is without prejudice to other statutory permissions or approvals.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Special currency basket value revised - rupee valuation updated, affecting deferred payment protocols and AD bank obligations.

                                The rupee value of the special currency basket for Deferred Payment Protocols has been revised from Rs.58.6989 (effective June 24, 2004) to Rs.60.5127 effective November 27, 2004; Authorised Dealer banks are directed to inform their constituents. The circular is issued under the Foreign Exchange Management Act, 1999 and is without prejudice to other statutory permissions or approvals.


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