Exchange rate determination: notified foreign currency conversion rates govern valuation for imports and exports under the Customs Act. Determination of exchange rates under the Customs Act prescribes distinct rupee equivalents for listed foreign currencies, with separate import and export rates set out in Schedule I and Schedule II, effective from the stated operative date, to be used for customs valuation and related procedures; the notification supersedes the immediately preceding board notification except as to prior actions.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination: notified foreign currency conversion rates govern valuation for imports and exports under the Customs Act.
Determination of exchange rates under the Customs Act prescribes distinct rupee equivalents for listed foreign currencies, with separate import and export rates set out in Schedule I and Schedule II, effective from the stated operative date, to be used for customs valuation and related procedures; the notification supersedes the immediately preceding board notification except as to prior actions.
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