Exchange rate determination for specified foreign currencies governs conversion for import and export valuation under customs. The Central Board of Excise and Customs prescribes the rate of exchange for specified foreign currencies into Indian rupees, effective 2 October 2014, superseding the prior notification. Two schedules provide the operative conversion benchmarks: Schedule I sets per unit rupee equivalents for listed currencies with separate rates for imported and export goods; Schedule II sets rates per 100 units for specified currencies, also distinguishing import and export applications for customs valuation and related assessments.
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 for specified foreign currencies governs conversion for import and export valuation under customs.
The Central Board of Excise and Customs prescribes the rate of exchange for specified foreign currencies into Indian rupees, effective 2 October 2014, superseding the prior notification. Two schedules provide the operative conversion benchmarks: Schedule I sets per unit rupee equivalents for listed currencies with separate rates for imported and export goods; Schedule II sets rates per 100 units for specified currencies, also distinguishing import and export applications for customs valuation and related assessments.
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