Special Currency Basket valuation revised, requiring authorized dealer banks to apply updated rupee conversion and notify constituents. The Reserve Bank revised the Rupee value of the Special Currency Basket for application under the Deferred Payment Protocols and fixed a new rupee valuation effective from a specified date; AD Category I banks are required to apply the revised valuation and notify their constituents. The circular's directions are issued under sections 10(4) and 11(1) of FEMA and are without prejudice to other statutory permissions.
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 valuation revised, requiring authorized dealer banks to apply updated rupee conversion and notify constituents.
The Reserve Bank revised the Rupee value of the Special Currency Basket for application under the Deferred Payment Protocols and fixed a new rupee valuation effective from a specified date; AD Category I banks are required to apply the revised valuation and notify their constituents. The circular's directions are issued under sections 10(4) and 11(1) of FEMA and are without prejudice to other statutory permissions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
