REGISTERED No. D. (D.)-72
TheGazetteof India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 133] NEW DELHI, THURSDAY, JULY 10, 1980/ASADHA 19, 1902
Separate paging is given to this Part in order that it may be filed as a separate
compilation
548 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I - S E C. 1]MINISTRY OF COMMERCE
(Import Trade Control)
Public Notice No. 26-ITC(PN)/80 New Delhi, the IOth July, 1980
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.
File No. IPC/1, credits under direct payment procedure has been prescribed.
2. As stipulated in the aforesaid Public Notices, the rupee equivalent is to bo calculated tipto 4 decimal places and (he resultant figure is to be rounded off ut (he 2nd decimal place to the next higher integer in respect of all currencies, except Japanese Yen and Italian Lira in which cases the rounding off is to be done at the 3id decimal place to the next higher integer.
- It has now been decided that in partial modification of the provisions contained in the aforesaid Public Notice dated 17-1-1976, the composite rate in the case of Belgian France should also be calculated upto 4 decimal ptaees and the rounding off done at the 3rd decimal place to the next higher integer. 4. This will have effect from the date of issue of this Public Notice. ↩