Exchange rate determination for customs conversion establishes import and export currency rates under Customs Act authority, effective now. Determination under section 14 of the Customs Act, 1962 prescribes distinct exchange rates for conversion of listed foreign currencies into Indian rupees for customs purposes, with separate columns for rates applicable to imported goods and to export goods as set out in Schedule I and Schedule II; the rates take effect from 2nd March, 2018 and supersede the earlier notification except as to actions already done under that notification.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for customs conversion establishes import and export currency rates under Customs Act authority, effective now.
Determination under section 14 of the Customs Act, 1962 prescribes distinct exchange rates for conversion of listed foreign currencies into Indian rupees for customs purposes, with separate columns for rates applicable to imported goods and to export goods as set out in Schedule I and Schedule II; the rates take effect from 2nd March, 2018 and supersede the earlier notification except as to actions already done under that notification.
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