Exchange Rate Determination sets official conversion rates for specified foreign currencies for import and export transactions. The notification fixes official conversion rates for specified foreign currencies for customs purposes, distinguishing separate rupee rates for imported goods and for exported goods, effective 20th March 2020, and superseding the prior exchange-rate notification; Schedule I lists per unit rates for listed currencies, Schedule II lists rates per 100 units for certain currencies, and subsequent amendment notes record later substitutions to specific entries.
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 for import and export transactions.
The notification fixes official conversion rates for specified foreign currencies for customs purposes, distinguishing separate rupee rates for imported goods and for exported goods, effective 20th March 2020, and superseding the prior exchange-rate notification; Schedule I lists per unit rates for listed currencies, Schedule II lists rates per 100 units for certain currencies, and subsequent amendment notes record later substitutions to specific entries.
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 
