Exchange rate adjustment for South African Rand establishes separate rupee equivalents for imports and exports under customs notification. The Central Board of Indirect Taxes and Customs amends Schedule I of the earlier exchange rate notification by substituting the serial entry for the South African Rand, specifying separate rupee equivalents for one unit of that currency for imported goods and for exported goods; the revised rates take effect from the stated commencement date and are incorporated into the customs exchange rate framework used for valuation and duty computation.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate adjustment for South African Rand establishes separate rupee equivalents for imports and exports under customs notification.
The Central Board of Indirect Taxes and Customs amends Schedule I of the earlier exchange rate notification by substituting the serial entry for the South African Rand, specifying separate rupee equivalents for one unit of that currency for imported goods and for exported goods; the revised rates take effect from the stated commencement date and are incorporated into the customs exchange rate framework used for valuation and duty computation.
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