Exchange Rate Determination sets official currency conversion rates for import and export valuation, effective mid-August, affecting customs declarations. The Central Board of Excise and Customs, exercising powers under section 14 of the Customs Act, prescribes the official rates of exchange for the foreign currencies listed in Schedule I and Schedule II for conversion into Indian currency and vice versa, for valuation of imported and exported goods, effective 15th August, 2013, and supersedes the prior notification except for prior actions.
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 sets official currency conversion rates for import and export valuation, effective mid-August, affecting customs declarations.
The Central Board of Excise and Customs, exercising powers under section 14 of the Customs Act, prescribes the official rates of exchange for the foreign currencies listed in Schedule I and Schedule II for conversion into Indian currency and vice versa, for valuation of imported and exported goods, effective 15th August, 2013, and supersedes the prior notification except for prior actions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
