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Special currency basket valuation revised for deferred payment protocols, requiring authorised dealer banks to apply the new rupee value. Revision of the special currency basket rupee valuation for the Deferred Payment Protocols between the Government of India and the erstwhile USSR is directed; Authorised Dealer Category - I banks must adopt the revised rupee value in relevant transactions and notify their constituents. The circular is issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and is without prejudice to other statutory permissions or approvals.
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Special currency basket valuation revised for deferred payment protocols, requiring authorised dealer banks to apply the new rupee value.
Revision of the special currency basket rupee valuation for the Deferred Payment Protocols between the Government of India and the erstwhile USSR is directed; Authorised Dealer Category - I banks must adopt the revised rupee value in relevant transactions and notify their constituents. The circular is issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and is without prejudice to other statutory permissions or approvals.
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