Exchange rate determination: fixed conversion rates set for specified foreign currencies for import and export purposes. The Central Board of Excise and Customs fixed conversion rates for specified foreign currencies into Indian rupees for customs valuation, prescribing separate rates for imported and export goods in annexed Schedule I and Schedule II. These rates take effect from 07 October 2016, supersede the prior notification, and apply for conversion of each listed currency for assessing imported and export goods, with savings for actions under the superseded instrument.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination: fixed conversion rates set for specified foreign currencies for import and export purposes.
The Central Board of Excise and Customs fixed conversion rates for specified foreign currencies into Indian rupees for customs valuation, prescribing separate rates for imported and export goods in annexed Schedule I and Schedule II. These rates take effect from 07 October 2016, supersede the prior notification, and apply for conversion of each listed currency for assessing imported and export goods, with savings for actions under the superseded instrument.
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