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Exchange rate determination sets new conversion rates for foreign currencies for import and export from mid-January, affecting customs valuation. Determination of exchange rates for conversion between listed foreign currencies and Indian rupees for customs valuation, effective 17 January 2014, superseding the earlier notification; Schedule I provides unit rates with separate entries for imported and export goods, while Schedule II provides rates per one hundred units for currencies so quoted, and these prescribed rates apply for computations under the relevant customs provision except as to prior completed acts.
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Exchange rate determination sets new conversion rates for foreign currencies for import and export from mid-January, affecting customs valuation.
Determination of exchange rates for conversion between listed foreign currencies and Indian rupees for customs valuation, effective 17 January 2014, superseding the earlier notification; Schedule I provides unit rates with separate entries for imported and export goods, while Schedule II provides rates per one hundred units for currencies so quoted, and these prescribed rates apply for computations under the relevant customs provision except as to prior completed acts.
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