The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 183] NEW DELHI, SATURDAY, AUGUST 3, 1974/SRAVANA 12, 1896
Separate paging is given to this part in order that it may be filed
as a separate compilation
MINISTRY OF COMMERCE
PUBLIC NOTICE
IMPORT TRADE CONTROL
New Delhi, the 3rd August 1974
SUBJECT. —Method of calculation of the composite rate for recovery of rupee equivalent in respect of payments made, from foreign loans under direct payment procedure.
No 109-ITC(PN)/74.—Attention is invited to the former Ministry of Foreign Trade Public Notice No. 15-ITC(PN)/72, dated the 28th January, 1972 regarding arrangements for the deposit of the rupee equivalent of the cost of imports made by importers under direct payments procedure as applicable for foreign credits consequent upon the fluctuations of currencies with effect from the 23rd August 1971.
1138 THE GAZETTE OF INDIA EXTRAORDINAHY [PARI I—SEC. 1]decimal places in the same manner as indicated in para 3 of the aforesaid Public Notice but the rounding off should be done at the 3rd decimal place to the next higher paisa. This method of calculation of the composite rate will be appli- cable only in respect of Japanese. You and Italian Lira and not for other currencies
3. This will have effect from the date of iasue of this Public Notice.
B. D. KUMAE,
Chief Controller of Imports and Exports.