Special Currency Basket rupee value change alters repayment calculation for deferred USSR-era rupee credits under bilateral protocols. The Reserve Bank revised the Indian Rupee value of the Special Currency Basket to Rs. 44.0282 effective 15.9.1997; this revised rupee value is the operative conversion basis for repayment of rupee denominated commercial credits granted by organisations of the former USSR under the deferred payment protocols dated 30.4.1981 and 23.12.1985.
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 rupee value change alters repayment calculation for deferred USSR-era rupee credits under bilateral protocols.
The Reserve Bank revised the Indian Rupee value of the Special Currency Basket to Rs. 44.0282 effective 15.9.1997; this revised rupee value is the operative conversion basis for repayment of rupee denominated commercial credits granted by organisations of the former USSR under the deferred payment protocols dated 30.4.1981 and 23.12.1985.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
