Exchange rate determination updates import and export conversion rates for listed foreign currencies under customs notification effective immediately. The Central Board of Indirect Taxes and Customs prescribes rupee equivalents for listed foreign currencies in separate schedules, distinguishing rates for imported and exported goods and for per unit and per 100 unit currencies, and supersedes the prior notification while preserving actions already taken under it; the new rates take effect from the stated effective date for customs valuation and related 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 updates import and export conversion rates for listed foreign currencies under customs notification effective immediately.
The Central Board of Indirect Taxes and Customs prescribes rupee equivalents for listed foreign currencies in separate schedules, distinguishing rates for imported and exported goods and for per unit and per 100 unit currencies, and supersedes the prior notification while preserving actions already taken under it; the new rates take effect from the stated effective date for customs valuation and related purposes.
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