Exchange rate determination: updated import and export currency conversion rates prescribed for customs valuation and compliance. The notification prescribes specific foreign currency conversion rates into Indian rupees for customs valuation, superseding the prior notification and providing distinct import and export rates for each listed currency. The schedules annexed set the operative conversion figures to be applied by customs authorities and traders when calculating rupee-equivalent values for imported and exported goods.
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: updated import and export currency conversion rates prescribed for customs valuation and compliance.
The notification prescribes specific foreign currency conversion rates into Indian rupees for customs valuation, superseding the prior notification and providing distinct import and export rates for each listed currency. The schedules annexed set the operative conversion figures to be applied by customs authorities and traders when calculating rupee-equivalent values for imported and exported goods.
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