Deferred Payments Protocols between Government of India and erstwhile USSR
Attention
of authorised dealers is invited to A.D. (G.P. Series) Circular No. 5, dated 9th
May, 2000 wherein the rupee value of the special currency basket effective from
29th April, 2000 was indicated.
2. Authorised
dealers are advised that a further change has taken place on 7th June, 2000,
and accordingly the rupee value of the special currency basket effective from
10th June, 2000, has been fixed at Rs. 51.9072.
3. Authorised
dealers may bring the contents of this circular to the notice of their
constituents concerned.
4. The
directions contained in this circular have been issued under section 10(4) and
section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and any
contravention or non-observance of these directions is subject to the penalties
prescribed under the Act.