Exchange rate determination under Customs Act sets specified currency conversion rates for import and export valuation. Determination under the Customs Act fixes specified exchange rates for listed foreign currencies into Indian currency, effective 6th November 2015, superseding the prior notification. The rates are set separately for imported goods and for export goods; Schedule I provides per unit rates while Schedule II provides rates per one hundred units, and the rates shown in the corresponding columns are to be applied for 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.
Exchange rate determination under Customs Act sets specified currency conversion rates for import and export valuation.
Determination under the Customs Act fixes specified exchange rates for listed foreign currencies into Indian currency, effective 6th November 2015, superseding the prior notification. The rates are set separately for imported goods and for export goods; Schedule I provides per unit rates while Schedule II provides rates per one hundred units, and the rates shown in the corresponding columns are to be applied for customs purposes.
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