https://www.taxtmi.com/acts?id=12020 Rule 2B prescribes that for money changing services involving Indian Rupees the taxable value equals the difference between the actual buying or selling rate and the Reserve Bank of India reference rate, multiplied by the currency units; if the RBI reference rate is unavailable a presumptive valuation applies as a fixed proportion of the gross Indian Rupees involved; where neither currency is INR, the taxable value is a presumptive fixed proportion of the lesser amount obtainable by converting either currency into INR at the RBI reference rate. en-us Tue, 01 Mar 2011 21:01:51 +0530 Thu, 07 Jun 2012 18:14:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12020 Rule 2B prescribes that for money changing services involving Indian Rupees the taxable value equals the difference between the actual buying or selling rate and the Reserve Bank of India reference rate, multiplied by the currency units; if the RBI reference rate is unavailable a presumptive valuation applies as a fixed proportion of the gross Indian Rupees involved; where neither currency is INR, the taxable value is a presumptive fixed proportion of the lesser amount obtainable by converting either currency into INR at the RBI reference rate. Act-Rules Service Tax Tue, 01 Mar 2011 21:01:51 +0530 https://www.taxtmi.com/acts?id=12020