Exchange rate determination for customs: specified currency conversion rates fixed for import and export valuation. Under Section 14 of the Customs Act, 1962 the board fixes official exchange rates for converting specified foreign currencies to Indian rupees for customs valuation of imported and exported goods, with separate import and export rates set out in Schedule I and Schedule II (Japanese Yen per 100 units); the notification supersedes the earlier board notification but does not affect acts done before its supersession, and takes effect from the stated operative date.
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 for customs: specified currency conversion rates fixed for import and export valuation.
Under Section 14 of the Customs Act, 1962 the board fixes official exchange rates for converting specified foreign currencies to Indian rupees for customs valuation of imported and exported goods, with separate import and export rates set out in Schedule I and Schedule II (Japanese Yen per 100 units); the notification supersedes the earlier board notification but does not affect acts done before its supersession, and takes effect from the stated operative date.
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