Exchange rate determination: notified foreign currency conversion rates for import and export goods effective early June 2019. Determination of Rate of Exchange for listed foreign currencies into Indian rupees is prescribed for customs purposes, effective 7th June, 2019, superseding the prior CBIC notification except as to earlier actions. Schedule I sets rates per one unit of currency with distinct columns for imported and exported goods; Schedule II sets rates per 100 units with corresponding import and export rates, and the prescribed rates are to be used for 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: notified foreign currency conversion rates for import and export goods effective early June 2019.
Determination of Rate of Exchange for listed foreign currencies into Indian rupees is prescribed for customs purposes, effective 7th June, 2019, superseding the prior CBIC notification except as to earlier actions. Schedule I sets rates per one unit of currency with distinct columns for imported and exported goods; Schedule II sets rates per 100 units with corresponding import and export rates, and the prescribed rates are to be used for valuation and related customs purposes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
