Exchange Rate Determination: notified conversion rates for specified foreign currencies for import and export under Customs law. Exchange Rate Determination under the Customs Act fixes conversion rates of specified foreign currencies into Indian rupees for import and export valuation, with distinct rates for imported and exported goods effective from the notification date; the notification prescribes Schedule I (per unit rates) and Schedule II (per 100 units) entries to be used by customs authorities and traders and supersedes the prior notification except as to past actions.
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: notified conversion rates for specified foreign currencies for import and export under Customs law.
Exchange Rate Determination under the Customs Act fixes conversion rates of specified foreign currencies into Indian rupees for import and export valuation, with distinct rates for imported and exported goods effective from the notification date; the notification prescribes Schedule I (per unit rates) and Schedule II (per 100 units) entries to be used by customs authorities and traders and supersedes the prior notification except as to past actions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
