Exchange rate determination for customs valuation establishes currency conversion rates for import and export purposes. Determines the rate of exchange for specified foreign currencies for customs valuation under section 14 of the Customs Act, 1962, effective 3rd February, 2017, superseding Notification No.5/2017. Annexed Schedule I lists per-unit rupee equivalents for major currencies with separate rates for imported and export goods; Schedule II lists rates per 100 units for specified currencies with analogous import/export columns.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for customs valuation establishes currency conversion rates for import and export purposes.
Determines the rate of exchange for specified foreign currencies for customs valuation under section 14 of the Customs Act, 1962, effective 3rd February, 2017, superseding Notification No.5/2017. Annexed Schedule I lists per-unit rupee equivalents for major currencies with separate rates for imported and export goods; Schedule II lists rates per 100 units for specified currencies with analogous import/export columns.
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