Exchange rate determination sets customs conversion rates for imports and exports under statutory authority, effective early March. The notification prescribes specific exchange rates to be used for converting listed foreign currencies into Indian rupees and vice versa for customs purposes, with separate import and export rates set out in Schedule I and per-100-unit rates in Schedule II, superseding the prior notification and taking effect from the stated commencement date for application to imported and exported goods.
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 customs conversion rates for imports and exports under statutory authority, effective early March.
The notification prescribes specific exchange rates to be used for converting listed foreign currencies into Indian rupees and vice versa for customs purposes, with separate import and export rates set out in Schedule I and per-100-unit rates in Schedule II, superseding the prior notification and taking effect from the stated commencement date for application to imported and exported goods.
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