Exchange Rate Determination updates foreign currency-to-rupee conversion rates for import and export valuation, effective early May. The Central Board of Excise and Customs, under statutory authority, fixed specified rates of exchange for conversion between listed foreign currencies and Indian rupees for import and export valuation, effective 5 May 2017. Rates are set in two schedules - per unit for major currencies and per 100 units where stated - with separate figures for imported goods and export goods; the notification supersedes the earlier April notification and was later superseded by a May notification.
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Provisions expressly mentioned in the judgment/order text.
Exchange Rate Determination updates foreign currency-to-rupee conversion rates for import and export valuation, effective early May.
The Central Board of Excise and Customs, under statutory authority, fixed specified rates of exchange for conversion between listed foreign currencies and Indian rupees for import and export valuation, effective 5 May 2017. Rates are set in two schedules - per unit for major currencies and per 100 units where stated - with separate figures for imported goods and export goods; the notification supersedes the earlier April notification and was later superseded by a May notification.
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