Exchange rate determination under Customs law sets specified import and export currency conversion rates for customs purposes. Determination under section 14 of the Customs Act, 1962 fixes official conversion rates of specified foreign currencies into Indian rupees for customs purposes, with separate rates for imported goods and export goods as set out in two annexed schedules, effective from 22nd December, 2017, and superseding the prior exchange-rate notification except as to past actions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exchange rate determination under Customs law sets specified import and export currency conversion rates for customs purposes.
Determination under section 14 of the Customs Act, 1962 fixes official conversion rates of specified foreign currencies into Indian rupees for customs purposes, with separate rates for imported goods and export goods as set out in two annexed schedules, effective from 22nd December, 2017, and superseding the prior exchange-rate notification except as to past actions.
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