Exchange rate determination for customs: specified foreign currency conversion rates set for import and export valuation. The Central Board of Indirect Taxes and Customs prescribes specific conversion rates between listed foreign currencies and the Indian rupee for customs valuation of imported and exported goods, effective 2 August 2019, by publishing Schedule I (per-unit rates) and Schedule II (per-100-unit rates). The notification supersedes the prior exchange rate notification and records subsequent substitutions to certain currency entries, with the instrument itself later superseded by a further notification dated 14 August 2019.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for customs: specified foreign currency conversion rates set for import and export valuation.
The Central Board of Indirect Taxes and Customs prescribes specific conversion rates between listed foreign currencies and the Indian rupee for customs valuation of imported and exported goods, effective 2 August 2019, by publishing Schedule I (per-unit rates) and Schedule II (per-100-unit rates). The notification supersedes the prior exchange rate notification and records subsequent substitutions to certain currency entries, with the instrument itself later superseded by a further notification dated 14 August 2019.
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