Exchange rate determination sets import and export currency conversion rates effective May 2014 under section 14 notification. Determines rates of exchange for conversion of specified foreign currencies into Indian rupees and vice versa for import and export under section 14 of the Customs Act, 1962, effective from 2nd May, 2014, superseding the earlier April notification. Two annexed schedules prescribe separate rupee equivalents for imported goods and for export goods-Schedule I for unit rates and Schedule II for rates per 100 units-to be applied in customs valuation and related customs procedures.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination sets import and export currency conversion rates effective May 2014 under section 14 notification.
Determines rates of exchange for conversion of specified foreign currencies into Indian rupees and vice versa for import and export under section 14 of the Customs Act, 1962, effective from 2nd May, 2014, superseding the earlier April notification. Two annexed schedules prescribe separate rupee equivalents for imported goods and for export goods-Schedule I for unit rates and Schedule II for rates per 100 units-to be applied in customs valuation and related customs procedures.
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