Exchange rate determination for customs conversion fixes currency rates for import and export calculations effective on specified date. The notification fixes the rate of exchange for conversion between specified foreign currencies and Indian currency for customs purposes, effective from 17th January, 2020, superseding the prior board notification; rates are listed in Schedule I (per unit) and Schedule II (per 100 units), each distinguishing rates for imported goods 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 for customs conversion fixes currency rates for import and export calculations effective on specified date.
The notification fixes the rate of exchange for conversion between specified foreign currencies and Indian currency for customs purposes, effective from 17th January, 2020, superseding the prior board notification; rates are listed in Schedule I (per unit) and Schedule II (per 100 units), each distinguishing rates for imported goods and exported goods.
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