Exchange rate determination for customs: specified currency conversion rates set for imports and exports under administrative notification. The notification, issued under the Customs Act authority, fixes the rate of exchange for each foreign currency specified in the appended schedules as the rate applicable for customs purposes with effect from the stated operative date; separate schedule entries set distinct rates for imported goods and exported goods, and the notification supersedes the immediately prior exchange rate notification except insofar as earlier actions are concerned.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for customs: specified currency conversion rates set for imports and exports under administrative notification.
The notification, issued under the Customs Act authority, fixes the rate of exchange for each foreign currency specified in the appended schedules as the rate applicable for customs purposes with effect from the stated operative date; separate schedule entries set distinct rates for imported goods and exported goods, and the notification supersedes the immediately prior exchange rate notification except insofar as earlier actions are concerned.
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