Exchange rate determination for customs conversions effective 21 October 2016 standardises import and export currency rates. The Central Board prescribes specific rupee conversion rates for listed foreign currencies effective 21 October 2016 for customs assessment of imported and export goods, superseding the prior October notification except as to prior acts. Rates appear in two schedules: Schedule I provides per unit rupee equivalents with distinct import and export rates; Schedule II provides rupee equivalents per 100 units with distinct import and export rates.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for customs conversions effective 21 October 2016 standardises import and export currency rates.
The Central Board prescribes specific rupee conversion rates for listed foreign currencies effective 21 October 2016 for customs assessment of imported and export goods, superseding the prior October notification except as to prior acts. Rates appear in two schedules: Schedule I provides per unit rupee equivalents with distinct import and export rates; Schedule II provides rupee equivalents per 100 units with distinct import and export rates.
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