Exchange rate determination sets official foreign currency conversion rates for import and export valuation under Customs Act. The Central Board of Excise and Customs fixes official exchange rates for conversion of specified foreign currencies into Indian rupees for customs valuation of imported and export goods, effective from 22nd August, 2014, prescribing separate rates for imports and exports in annexed schedules and superseding the immediately preceding exchange rate notification except as to prior actions.
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 sets official foreign currency conversion rates for import and export valuation under Customs Act.
The Central Board of Excise and Customs fixes official exchange rates for conversion of specified foreign currencies into Indian rupees for customs valuation of imported and export goods, effective from 22nd August, 2014, prescribing separate rates for imports and exports in annexed schedules and superseding the immediately preceding exchange rate notification except as to prior actions.
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