Exchange rate determination sets official conversion rates for specified foreign currencies, governing import and export valuation. The notification, issued under Section 14 of the Customs Act, determines the official rate of exchange for specified foreign currencies into Indian rupees for customs purposes, superseding the prior notification, and provides that the rates set forth in the annexed Schedule I (per one unit) and Schedule II (per one hundred units), with distinct columns for imports and exports, shall apply with effect from the stated effective date for valuation of 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 official conversion rates for specified foreign currencies, governing import and export valuation.
The notification, issued under Section 14 of the Customs Act, determines the official rate of exchange for specified foreign currencies into Indian rupees for customs purposes, superseding the prior notification, and provides that the rates set forth in the annexed Schedule I (per one unit) and Schedule II (per one hundred units), with distinct columns for imports and exports, shall apply with effect from the stated effective date for valuation of imported and exported goods.
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