Exchange rate determination for customs conversion sets distinct imported and exported goods rates affecting valuation and compliance. The notification, issued under section 14 of the Customs Act, determines rates for converting specified foreign currencies into Indian rupees and vice versa for customs purposes, prescribing separate rates for imported goods and exported goods in Schedule I (per unit) and Schedule II (per 100 units); it supersedes the prior notification while preserving actions completed before supersession.
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 for customs conversion sets distinct imported and exported goods rates affecting valuation and compliance.
The notification, issued under section 14 of the Customs Act, determines rates for converting specified foreign currencies into Indian rupees and vice versa for customs purposes, prescribing separate rates for imported goods and exported goods in Schedule I (per unit) and Schedule II (per 100 units); it supersedes the prior notification while preserving actions completed before supersession.
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