Hello
All,

Yes, we are referring to the recently finalized Rupee Symbol designed by Mr. Udaya Kumar of IIT, the winner of the Rupee Symbol Design Contest of the Government of India. One of the talented 5 finalists of this contest was Mr. K.K. Shibin from Kerala whose Rupee symbol design is remarkably close to the winner’s as is depicted in the banner and elsewhere in an article in this issue of Lexspeak.

LV has a close association with Shibin. Our logo was designed by him when he worked in a Bangalore based firm 4 years ago. We are indeed proud of Shibin’s achievements and wish him all success in his journey of creativity while we continue our journey of exchanging thoughts and knowledge.

Do give us a feedback.

Click here to mail Your feedback for this issue.

Sincerely,
Lex Valorem Team

External Commercial Borrowings (ECB) Policy
-Takeout Finance
The Reserve Bank of India (RBI) has reviewed the External Commercial Borrowings (ECB) policy to facilitate infrastructure companies undertaking projects like construction of sea port & airport, roads including bridges and power stations to take-out financial arrangements through approval route for refinancing rupee loans borrowed from domestic banks.
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Export of Goods and
Services – Unrealised Export Bills – Write-off- Surrender of export incentives
The Reserve Bank of India (RBI) has instructed AD
Category Banks not to insist on demanding
proportionate export incentives other than the Duty
Drawback scheme if in case the exporter does not
recover export proceeds under any of the Export
Promotion Schemes under Foreign Trade Policy (FTP).
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Declaration of Intent for claiming benefits of various schemes
The Directorate General of Foreign Trade (DGFT) has issued a policy circular to all exporters on claiming benefits under various export schemes as mentioned in Chapter
– 3 of FTP-2009-2014. The exporters have to mandatorily declare the Intent of the goods exported to claim the benefits under FTP. These benefits would be effective for goods exported on or after 1st January, 2011.
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Execution of LUT/BG against Import Authorisation
The Directorate General of Foreign Trade (DGFT) has issued a circular for execution of LUT/BG for issue of Authorisation for import of restricted items so that goods are re-exported by the importers as declared by them at the time of application for Import Authorizations.
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Revised E – Forms from MCA which will be effective from 1st August, 2010
New version of Form 1, Form 1AA, Form 4, Form 4C, Form 15, Form 20A, Form 20B, Form 22, Form 22B, Form 23, Form 23AA, Form 25C, Form 44, Form 49, Form 52, Form 61, Form DD-B, Form I- Cost Audit Report and Form 67 will be available on the MCA portal, effective 1st August, 2010.
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Symbol for Rupee Approved
The rupee finally has a symbol like other major currencies viz., dollar, yen, pound and euro. The symbol was approved by the Government of India among 3000 entries received and evaluated through a democratic process of contest held at various levels. The distinction of designing the finally approved symbol goes to Mr. Uday Kumar. D, an IITian.

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PIB Release

Out of the five designs selected, one was by Mr. Shibin K.K who has designed the logo of Lex Valorem. Check out Mr. Shibin’s design which is close to the approved rupee symbol.

Group photo of top five finalists                                      ….

Shibin’s Design