GOVERNMENT OF INDIA
MINISTRY OF COMMERCE & INDUSTRY
DEPARTMENT OF COMMERCE
PUBLIC NOTICE NO. 191 (RE-2008) /2004-2009
NEW DELHI, DATED 21st July, 2009
Subject:- Indian Rupee Value of the special currency Basket for the purposes of
deferred payments contracts entered into under the Deferred Payments Protocol
dated the 30th April, 1981 for the period 1.1.81 to 31.12.85 and the Deferred
payments protocol dated 23rd December, 1985 for the period 1.1.1986 to 31.12.90
between the Government of India and the former USSR relating to the deliveries
of machinery and equipment from the USSR to India on deferred payment terms.
Attention is invited to Ministry of Commerce (Import Trade Control) Public
Notice No. 74-ITC (PN )/85-88 dated the 21st February, 1986, on the subject
mentioned above. It is hereby informed that in pursuance of the relevant
provisions contained in the Deferred Payments Protocol dated the 30th April,
1981 and 23rd December, 1985 between the Government of India and the former
USSR, the Reserve Bank of India have further revised the Indian Rupee Value of
the Special Currency Basket in the manner indicated below:-
| Effective from |
Rupee value |
| 25.6.2009 |
66.5719 |
2. The above revision would apply to the deferred payment contracts concluded
under the Deferred Payment Protocols dated 30.04.1981 and 23.12.1985 between
Government of India and former USSR.
3. This issues in public interest.
Sd/-
(R.S. Gujral)
Director General of Foreign Trade
And Ex-Officio Additional Secretary to the Govt. of India
(Issued from File No. IPC/23(16)/81-86/PC-I(A) (Pt.)