Exchange Rate Determination sets specified currency conversion rates for import and export valuation under Customs Act. The notification, issued under statutory authority, prescribes specific currency conversion rates in annexed Schedule I and Schedule II to be used for valuation of Imported Goods and Exported Goods; Schedule I gives unit rates for listed currencies and Schedule II gives the rate per 100 units for Japanese yen. The notification supersedes the prior exchange-rate notification and makes the annexed rates operative from the stated effective date for customs valuation.
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 sets specified currency conversion rates for import and export valuation under Customs Act.
The notification, issued under statutory authority, prescribes specific currency conversion rates in annexed Schedule I and Schedule II to be used for valuation of Imported Goods and Exported Goods; Schedule I gives unit rates for listed currencies and Schedule II gives the rate per 100 units for Japanese yen. The notification supersedes the prior exchange-rate notification and makes the annexed rates operative from the stated effective date for customs valuation.
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