Exchange rate determination: statutory conversion rates prescribed for import and export goods, superseding the prior notification. The Central Board of Indirect Taxes and Customs, under section 14 of the Customs Act, prescribes distinct conversion rates for listed foreign currencies for valuation of imported and export goods, effective from the stated date; the notification supersedes the earlier board notification but does not affect prior actions under it, with operative rates set out in Schedule I and Schedule II.
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: statutory conversion rates prescribed for import and export goods, superseding the prior notification.
The Central Board of Indirect Taxes and Customs, under section 14 of the Customs Act, prescribes distinct conversion rates for listed foreign currencies for valuation of imported and export goods, effective from the stated date; the notification supersedes the earlier board notification but does not affect prior actions under it, with operative rates set out in Schedule I and Schedule II.
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