Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Rupee Value in Special Currency Basket Revised for India-USSR Deferred Payment Protocols; Effective September 9, 2014.</h1> The circular addresses Category-I Authorised Dealer Banks regarding the Deferred Payment Protocols between the Government of India and the former USSR, dated April 30, 1981, and December 23, 1985. It notifies the banks of a revision in the Rupee value of the Special Currency Basket, which has been adjusted to Rs. 80.580297 effective from September 9, 2014. The circular instructs the banks to inform their relevant constituents and clarifies that these directions are issued under the Foreign Exchange Management Act, 1999, without affecting any other legal permissions or approvals required.
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