Exchange Rate Determination under customs law sets operative conversion rates for imports and exports effective mid-January. The Central Board of Indirect Taxes and Customs determines rupee equivalents of specified foreign currencies under section 14 of the Customs Act, 1962, effective 18th January, 2019, superseding the earlier notification; Schedule I sets per-unit rupee rates for specified currencies for imports and exports, and Schedule II sets rupee equivalents per 100 units for currencies quoted on that basis, to be used for customs valuation and related customs purposes.
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 under customs law sets operative conversion rates for imports and exports effective mid-January.
The Central Board of Indirect Taxes and Customs determines rupee equivalents of specified foreign currencies under section 14 of the Customs Act, 1962, effective 18th January, 2019, superseding the earlier notification; Schedule I sets per-unit rupee rates for specified currencies for imports and exports, and Schedule II sets rupee equivalents per 100 units for currencies quoted on that basis, to be used for customs valuation and related customs purposes.
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