Exchange Rate Determination: prescribed conversion rates govern import and export valuation under the Customs Act, altering assessment basis. Determination of the rate of exchange for conversion between specified foreign currencies and Indian currency with effect from 17th June, 2016, for purposes of customs valuation of imported and export goods, superseding the earlier notification and prescribing distinct rupee equivalents in Schedule I (per unit) and Schedule II (per 100 units).
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: prescribed conversion rates govern import and export valuation under the Customs Act, altering assessment basis.
Determination of the rate of exchange for conversion between specified foreign currencies and Indian currency with effect from 17th June, 2016, for purposes of customs valuation of imported and export goods, superseding the earlier notification and prescribing distinct rupee equivalents in Schedule I (per unit) and Schedule II (per 100 units).
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