appellant/decree holders
calculated on the basis of conversion rate of 11,875.75
Euros as on 24.04.2002 and the interest calculated thereon.
The appellant/decree ... value of the Euros payable should
4
have been calculated on the conversion rate applicable on
the date of payment.
10. The District Forum taking
level of trade.
(iii) When the comparison under this para requires
a conversion of currencies, such conversion should
be made by using the rate
notional income to
arrive at the compensation.
13. For the purpose of conversion of money rate, the Hon'ble
Supreme court in Jiju Kuruvala ... adopted as spoken to by P.W.3 and the rate of conversion is the money
exchange rate on the date of the accident
notional income to
arrive at the compensation.
13. For the purpose of conversion of money rate, the Hon'ble
Supreme court in Jiju Kuruvala ... adopted as spoken to by P.W.3 and the rate of conversion is the money
exchange rate on the date of the accident
learned Single Judge has held that "for
the purposes of conversion of US dollars to Indian Rupees, the exchange
rate as prevalent ... multiplying the
same as per the conversion rate of USD to Indian Rupee.
9. The further sum of Rs.35,51,626/- was also asked
account of
foreign exchange conversion loss without appreciating the f act
as pe r Acco un ting S tand ard -11, th e assessee ... balance sheet date and claimed loss on foreign exchang e
conversion but in subsequent year
together with an explanatory memorandum regarding revised rates of exchange for conversion of certain foreign currencies into Indian currency or vice-versa of the purpose ... together with an explanatory memorandum regarding revised rates of exchange for conversion of certain foreign currencies into Indian currency or vice-versa of the purpose
2017 Page 2 of 17
enquired whether INR at conversion rate on bid opening was acceptable to the Petitioner.
The Petitioner by its letter dated ... equipment) are to be quoted and paid in Indian
currency.
Clause 11.5
Conversion of Currencies
If offers have been received containing different currencies
using closing rate of exchange.
Any difference, loss or gain, arising on conversion of the said liability at the closing rate,
should be recognized ... depreciation in the value af foreign
currency held by it, on conversion into another currency, such profit or loss would
ordinarily be a trading profit
petitioner invited
tenders for purchase of sponge iron on conversion of iron ore for manufacturing steel at the said steel plant
in response whereof ... petitioner was to place purchase orders on the respondent for conversion of iron ore to be supplied by it into
sponge iron
