F.E.
Circular No. 47 |
October 16, 1998 |
Head Offices
/ Principal Offices of All
Authorised Dealers in Foreign Exchange,
Dear
Sirs,
Please
refer to the instructions contained in FE
Circular No. 38 dated July 21, 1998 read with Circular
Letters No. 31/FEP.16(326)Q-98 dated 31-07-1998 and No.35/FEP-16(326)Q-Poly-98
dated 24-08-1998. It has now been decided that with immediate
effect payments for import of all commodities other than
wheat and POL products as mentioned in these circulars,
will be made at the composite rate of exchange. You are
advised to note these instructions carefully and immediately
convey the same to all your branches authorised to deal
in foreign exchange.
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