Special currency basket valuation revised; banks must apply new rupee conversion for deferred payment protocols promptly. The rupee valuation of the special currency basket for the Deferred Payment Protocols is revised and fixed at Rs.58.6670 effective April 7, 2008, replacing the earlier indicated value; A.D. Category I banks are required to apply this revised rupee value and notify their constituents, pursuant to directions issued under the Foreign Exchange Management Act, 1999.
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Provisions expressly mentioned in the judgment/order text.
Special currency basket valuation revised; banks must apply new rupee conversion for deferred payment protocols promptly.
The rupee valuation of the special currency basket for the Deferred Payment Protocols is revised and fixed at Rs.58.6670 effective April 7, 2008, replacing the earlier indicated value; A.D. Category I banks are required to apply this revised rupee value and notify their constituents, pursuant to directions issued under the Foreign Exchange Management Act, 1999.
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