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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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        Customs, DGFT & SEZ

        Exchange Rate Notification No. 85/2022 - Customs (N.T.)

        September 30, 2022

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        In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following amendments in the Central Board of Indirect Taxes and Customs Notification No.78/2022-CUSTOMS (N.T.), dated 15th September, 2022 with effect from 01st October, 2022.

        In the SCHEDULE-I of the said Notification, for serial No.11 and the entries relating thereto, the following shall be substituted, namely: -

        SCHEDULE-I 

        Sl.No.

        Foreign Currency

        Rate of exchange of one unit of foreign currency equivalent to Indian rupees

        1.

        (2)

        (3)

         

         

        (a)

        (b)

         

         

        (For Imported Goods)

        (For Export Goods)

        11.

         Pound Sterling

        92.20

        89.00

         

        Exchange rate revision for Pound Sterling updates customs conversion rates affecting imports and exports under Customs Act authority. Amendment to customs exchange rates substitutes Schedule-I entry for Pound Sterling, prescribing separate rupee equivalents for one unit of Pound Sterling for imports and exports, issued under the authority of Section 14 of the Customs Act, 1962 and replacing the corresponding entry in Notification No.78/2022-CUSTOMS (N.T.).
                          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 revision for Pound Sterling updates customs conversion rates affecting imports and exports under Customs Act authority.

                                Amendment to customs exchange rates substitutes Schedule-I entry for Pound Sterling, prescribing separate rupee equivalents for one unit of Pound Sterling for imports and exports, issued under the authority of Section 14 of the Customs Act, 1962 and replacing the corresponding entry in Notification No.78/2022-CUSTOMS (N.T.).


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