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Exchange rate determination fixes import and export conversion rates for use in customs valuation and procedures. Determination under Section 14 of the Customs Act fixing specified rupee equivalents for conversion of listed foreign currencies into Indian rupees (and vice versa) for customs purposes, with separate rates for imported goods and export goods. The notification supersedes the earlier exchange-rate notification for future application and lists the operative rates in two schedules: per unit rates for major currencies and per 100 unit rates where applicable, effective from the stated date for use in customs valuation and related procedures.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination fixes import and export conversion rates for use in customs valuation and procedures.
Determination under Section 14 of the Customs Act fixing specified rupee equivalents for conversion of listed foreign currencies into Indian rupees (and vice versa) for customs purposes, with separate rates for imported goods and export goods. The notification supersedes the earlier exchange-rate notification for future application and lists the operative rates in two schedules: per unit rates for major currencies and per 100 unit rates where applicable, effective from the stated date for use in customs valuation and related procedures.
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