Exchange rate determination for customs conversions set effective mid-September establishes official import and export currency rates. The Central Board of Excise and Customs, exercising powers under section 14 of the Customs Act, 1962, determines with effect from 16th September, 2016 the rate of exchange for each foreign currency specified in the annexed Schedules I and II for purposes relating to imported and export goods; Schedule I provides per unit rates with separate figures for imported and export goods, while Schedule II provides rates per one hundred units, and the notification supersedes Notification No.119/2016-CUSTOMS (N.T.).
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 for customs conversions set effective mid-September establishes official import and export currency rates.
The Central Board of Excise and Customs, exercising powers under section 14 of the Customs Act, 1962, determines with effect from 16th September, 2016 the rate of exchange for each foreign currency specified in the annexed Schedules I and II for purposes relating to imported and export goods; Schedule I provides per unit rates with separate figures for imported and export goods, while Schedule II provides rates per one hundred units, and the notification supersedes Notification No.119/2016-CUSTOMS (N.T.).
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
