Exchange Rate Determination sets official foreign currency conversion rates for import and export goods under Customs Act. Determination of official conversion rates for specified foreign currencies into Indian rupees under the Customs Act, specifying that the rates set forth in the annexed schedules for each currency shall apply to imported and exported goods; Schedule I provides per unit import and export rates for major currencies while Schedule II provides rates per one hundred units for certain currencies, and the notification notes administrative particulars and subsequent 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 sets official foreign currency conversion rates for import and export goods under Customs Act.
Determination of official conversion rates for specified foreign currencies into Indian rupees under the Customs Act, specifying that the rates set forth in the annexed schedules for each currency shall apply to imported and exported goods; Schedule I provides per unit import and export rates for major currencies while Schedule II provides rates per one hundred units for certain currencies, and the notification notes administrative particulars and subsequent supersession.
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