Exchange rate determination established for foreign currencies applying specified import and export rates under Customs Act. The Central Board of Excise and Customs, under authority of the Customs Act, fixes exchange rates for conversion between specified foreign currencies and Indian rupees for customs valuation, superseding the prior notification. The notification prescribes distinct rates for imported and export goods, set out in Schedule I (per unit rates) and Schedule II (per 100 units), to be applied for customs purposes from the notified effective date, with savings for actions completed prior to supersession.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exchange rate determination established for foreign currencies applying specified import and export rates under Customs Act.
The Central Board of Excise and Customs, under authority of the Customs Act, fixes exchange rates for conversion between specified foreign currencies and Indian rupees for customs valuation, superseding the prior notification. The notification prescribes distinct rates for imported and export goods, set out in Schedule I (per unit rates) and Schedule II (per 100 units), to be applied for customs purposes from the notified effective date, with savings for actions completed prior to supersession.
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