https://www.taxtmi.com/circulars?id=7468 Values on Special Import Licences must be shown in Indian Rupees and a freely convertible currency; if the applicant elects a currency that election governs, otherwise a widely accepted freely convertible currency must be used. Banking authorities shall debit licences already used at the exchange rate on the actual date of import. Licences indicated only in Indian Rupees with no or partial import must be recalled by licensing authorities and reissued with values in a freely convertible currency, with Trade Notices issued as necessary. en-us Wed, 10 Feb 1999 00:00:00 +0530 Sat, 12 Sep 2009 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7468 Values on Special Import Licences must be shown in Indian Rupees and a freely convertible currency; if the applicant elects a currency that election governs, otherwise a widely accepted freely convertible currency must be used. Banking authorities shall debit licences already used at the exchange rate on the actual date of import. Licences indicated only in Indian Rupees with no or partial import must be recalled by licensing authorities and reissued with values in a freely convertible currency, with Trade Notices issued as necessary. Circulars DGFT Wed, 10 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7468