Exchange rate determination sets specific rupee conversion rates for listed foreign currencies affecting import and export valuation. Determination of exchange rates for customs purposes under the Customs Act prescribes fixed rupee conversion rates for specified foreign currencies to be used in valuing imported and exported goods. The notification supersedes the prior exchange rate notification and provides separate import and export rates in Schedule I (per unit) and Schedule II (per 100 units), effective from the stated implementation date for customs assessments and proceedings except for prior actions.
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 specific rupee conversion rates for listed foreign currencies affecting import and export valuation.
Determination of exchange rates for customs purposes under the Customs Act prescribes fixed rupee conversion rates for specified foreign currencies to be used in valuing imported and exported goods. The notification supersedes the prior exchange rate notification and provides separate import and export rates in Schedule I (per unit) and Schedule II (per 100 units), effective from the stated implementation date for customs assessments and proceedings except for prior actions.
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