Exchange rate determination for unlisted hard currencies: use authorised dealer-certified rate on the transaction's relevant date. Exchange rate for hard currencies not listed in Revenue notifications shall be the rate certified by authorised dealers (including banks) on the shipping bill(s) or bill(s) of entry as applicable on the relevant Policy date; for example, for DEPB exports the authorised dealer's certified rate on the date of the let export order applies.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for unlisted hard currencies: use authorised dealer-certified rate on the transaction's relevant date.
Exchange rate for hard currencies not listed in Revenue notifications shall be the rate certified by authorised dealers (including banks) on the shipping bill(s) or bill(s) of entry as applicable on the relevant Policy date; for example, for DEPB exports the authorised dealer's certified rate on the date of the let export order applies.
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