Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Customs exchange rate determination sets import and export conversion rates for foreign currencies for customs valuation. Statutory determination of official exchange rates for conversion between specified foreign currencies and Indian rupees effective 17th October, 2014, superseding the prior customs exchange-rate notification, by listing import and export conversion rates in Schedule I (per unit) and Schedule II (per 100 units) to be applied for customs valuation and other customs purposes.
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.
Customs exchange rate determination sets import and export conversion rates for foreign currencies for customs valuation.
Statutory determination of official exchange rates for conversion between specified foreign currencies and Indian rupees effective 17th October, 2014, superseding the prior customs exchange-rate notification, by listing import and export conversion rates in Schedule I (per unit) and Schedule II (per 100 units) to be applied for customs valuation and other customs purposes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.