Exchange rate determination fixes foreign-to-rupee rates for import and export purposes effective from specified date. Determination fixes the rate of exchange for conversion between specified foreign currencies and Indian rupees for customs valuation of imported and export goods, effective from 19th February, 2016, superseding the earlier board notification dated 4th February, 2016. Schedule I provides per unit rupee equivalents with separate columns for imported and export goods; Schedule II provides rates per one hundred units where applicable. The notification prescribes the exchange rates to be applied in customs transactions until superseded.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination fixes foreign-to-rupee rates for import and export purposes effective from specified date.
Determination fixes the rate of exchange for conversion between specified foreign currencies and Indian rupees for customs valuation of imported and export goods, effective from 19th February, 2016, superseding the earlier board notification dated 4th February, 2016. Schedule I provides per unit rupee equivalents with separate columns for imported and export goods; Schedule II provides rates per one hundred units where applicable. The notification prescribes the exchange rates to be applied in customs transactions until superseded.
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