Customs exchange rates updated for valuation of imports and exports, prescribing separate rupee conversion rates for listed currencies. CBEC, under Section 14 of the Customs Act, 1962, prescribes specified rupee-equivalent exchange rates for listed foreign currencies to be used for valuation of imported goods and exported goods, set out in Schedule I (per unit) and Schedule II (per 100 units). The notification supersedes the prior exchange-rate notification except as to prior actions and directs that the listed import and export rates be applied from the stated effective date for customs assessment.
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Provisions expressly mentioned in the judgment/order text.
Customs exchange rates updated for valuation of imports and exports, prescribing separate rupee conversion rates for listed currencies.
CBEC, under Section 14 of the Customs Act, 1962, prescribes specified rupee-equivalent exchange rates for listed foreign currencies to be used for valuation of imported goods and exported goods, set out in Schedule I (per unit) and Schedule II (per 100 units). The notification supersedes the prior exchange-rate notification except as to prior actions and directs that the listed import and export rates be applied from the stated effective date for customs assessment.
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