Exchange Rate Determination: prescribed currency conversion rates set for customs valuation, distinguishing import and export rates. Determination of exchange rates under the Customs Act establishes specific rupee conversion rates for listed foreign currencies to be used in valuation of imported and exported goods, superseding an earlier notification and prescribing operative schedules that distinguish rates for imports and exports, including a table of rates expressed per one hundred units for certain currencies.
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: prescribed currency conversion rates set for customs valuation, distinguishing import and export rates.
Determination of exchange rates under the Customs Act establishes specific rupee conversion rates for listed foreign currencies to be used in valuation of imported and exported goods, superseding an earlier notification and prescribing operative schedules that distinguish rates for imports and exports, including a table of rates expressed per one hundred units for certain currencies.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
