Special currency basket valuation revised under FEMA; authorised dealer banks must implement the updated rupee valuation for deferred payment protocols. The circular notifies a revision in the rupee valuation of the Special Currency Basket for Deferred Payment Protocols, effective from June 13, 2013, replacing the earlier value effective June 5, 2013, and directs Authorised Dealer Category I banks to inform their constituents; the directions are issued under FEMA sections 10(4) and 11(1) without prejudice to other legal permissions.
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Special currency basket valuation revised under FEMA; authorised dealer banks must implement the updated rupee valuation for deferred payment protocols.
The circular notifies a revision in the rupee valuation of the Special Currency Basket for Deferred Payment Protocols, effective from June 13, 2013, replacing the earlier value effective June 5, 2013, and directs Authorised Dealer Category I banks to inform their constituents; the directions are issued under FEMA sections 10(4) and 11(1) without prejudice to other legal permissions.
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