Exchange rate determination: administrative fixation of currency conversion rates for customs valuation affecting imports and exports. Determination of rates of exchange under section 14 of the Customs Act, 1962, fixing separate conversion rates for imported and export goods in two annexed schedules; Schedule I lists per unit rupee equivalents for specified currencies and Schedule II lists rupee equivalents per 100 units for certain currencies, effective from 20th January, 2017, and superseding the earlier notification for future application only.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination: administrative fixation of currency conversion rates for customs valuation affecting imports and exports.
Determination of rates of exchange under section 14 of the Customs Act, 1962, fixing separate conversion rates for imported and export goods in two annexed schedules; Schedule I lists per unit rupee equivalents for specified currencies and Schedule II lists rupee equivalents per 100 units for certain currencies, effective from 20th January, 2017, and superseding the earlier notification for future application only.
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