Exchange rate determination under the Customs Act sets official conversion rates for import and export goods effective immediately. Determines official foreign exchange conversion rates for customs valuation and related purposes, effective from 19th January, 2018, with separate import and export rupee-equivalent rates listed in Schedule I (unit rates) and Schedule II (rates per 100 units); the notification supersedes the earlier board notification except as respects prior actions and is intended to provide administratively revised exchange rates for application by customs authorities.
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 the Customs Act sets official conversion rates for import and export goods effective immediately.
Determines official foreign exchange conversion rates for customs valuation and related purposes, effective from 19th January, 2018, with separate import and export rupee-equivalent rates listed in Schedule I (unit rates) and Schedule II (rates per 100 units); the notification supersedes the earlier board notification except as respects prior actions and is intended to provide administratively revised exchange rates for application by customs authorities.
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