Currency Exchange Rates. 1.6.1 For conversion purposes between United States Dollars and Indian Rupees or any other currency the Reserve Bank of India Reference Rate of Exchange for the transaction day on which the revenues, costs, expenditure, receipts or income are recorded shall be used. If Royalty or Government share of Profit Petroleum is remitted in Indian Rupees, the Reserve Bank of India Reference Rate of exchange of the day preceding the payment day shall be used.
Appears in 4 contracts
Samples: petroleum.nic.in, dghindia.gov.in, www.dghindia.gov.in
Currency Exchange Rates. 1.6.1 For conversion purposes between United States Dollars and Indian Rupees or any other currency currency, the Reserve Bank of India Reference Rate of Exchange for the transaction day on which the revenues, costs, expenditureexpenditures, receipts or income are recorded shall be used. If Royalty or Government share of Profit Petroleum is remitted in Indian Rupees, the Reserve Bank of India Reference Rate of exchange of for the day preceding the payment day shall be used.
Appears in 2 contracts
Samples: dghindia.gov.in, petroleum.nic.in
