Rate of exchange for customs valuation updated, specifying distinct import and export currency conversion rates effective mid April. Determines the rate of exchange for specified foreign currencies for customs purposes, effective from 18th April, 2014, superseding the earlier notification of 3rd April, 2014. Annexed Schedule I lists per unit import and export conversion rates for major currencies and Schedule II lists conversion rates per 100 units for currencies quoted on that basis, to be applied for customs valuation and related customs calculations under the statutory authority.
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Provisions expressly mentioned in the judgment/order text.
Rate of exchange for customs valuation updated, specifying distinct import and export currency conversion rates effective mid April.
Determines the rate of exchange for specified foreign currencies for customs purposes, effective from 18th April, 2014, superseding the earlier notification of 3rd April, 2014. Annexed Schedule I lists per unit import and export conversion rates for major currencies and Schedule II lists conversion rates per 100 units for currencies quoted on that basis, to be applied for customs valuation and related customs calculations under the statutory authority.
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