Exchange Rate Determination: Revised foreign currency conversion rates take effect for customs valuation and import export conversion. The Central Board of Excise and Customs, under the authority of the Customs Act, fixes specific foreign currency conversion rates effective 21st February, 2014 and supersedes the prior notification. Two schedules annexed set the operative rates-Schedule I for per unit currency conversions with separate columns for imported and export goods, and Schedule II for currencies quoted per 100 units-prescribing the figures to be used for customs valuation and related conversion purposes.
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Provisions expressly mentioned in the judgment/order text.
Exchange Rate Determination: Revised foreign currency conversion rates take effect for customs valuation and import export conversion.
The Central Board of Excise and Customs, under the authority of the Customs Act, fixes specific foreign currency conversion rates effective 21st February, 2014 and supersedes the prior notification. Two schedules annexed set the operative rates-Schedule I for per unit currency conversions with separate columns for imported and export goods, and Schedule II for currencies quoted per 100 units-prescribing the figures to be used for customs valuation and related conversion purposes.
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