The Gazette of India
EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No 130] NEW DELHI, TUESDAY, JULY 20, 1982/ASADHA 29, 1904
Separate Paging is given to this Part in order that it may be filed as a separate
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(1)
475 GI/82
2 THE GAZETTE X>F INDIA : EXTRAORDINARY {PART I^SfiCl]
MINISTRY OF COMMERCE
Import Trade Control
PUBLIC NOTICE NO. 35-ITC
New Delhi, the 20th July, 1982
Subject. Rate of exchange between the Indian Rupee and the Rouble for application in the case of Credit Agreements and commercial trans- actions.
File No. IPC/G*nl-l5()iy75/Vol. n.—In accordance with the Protocol con- cluded between the Government of India and the Government of the Union of the Soviet Socialist Republic (USSR) on November 25, 1978 and consequent on changes in the value of the Indian Rupee in terms of a (specified basket of currencies, an exchange rate of Rs, 9.6997 per Rouble shall, with effect from June 25, 1982 apply to the settlement of all existing and future credit agree- ments and commercial transactions between the two countries which have been or may be designated in Roubles. This rate of exchange shall also apply to contracts designated in Indian Rupees where the contracts prici i" specifically linked to the rate of exchange between the rouble und the rupee because of the period of implementation of the contract being one year or more.
2. The manner of application of the new rate of exchange to various gredit and commercial transactions between, India and the USSR will remain the same W indicated in Public Notice No. 3-ITC(PN)/79 dated Januaiy 5, 1979.
MANI NARAYANSWAMI, Chief Controller of I&E