Exchange rate determination set for conversion of foreign currencies to Indian rupee for import and export procedures. The Central Board of Indirect Taxes and Customs, exercising powers under section 14 of the Customs Act, 1962, fixes distinct rupee conversion rates for specified foreign currencies for imported and exported goods as set out in Schedule I (per unit) and Schedule II (per 100 units), effective from 2nd April, 2020, superseding the earlier notification while preserving prior actions done or omitted 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 set for conversion of foreign currencies to Indian rupee for import and export procedures.
The Central Board of Indirect Taxes and Customs, exercising powers under section 14 of the Customs Act, 1962, fixes distinct rupee conversion rates for specified foreign currencies for imported and exported goods as set out in Schedule I (per unit) and Schedule II (per 100 units), effective from 2nd April, 2020, superseding the earlier notification while preserving prior actions done or omitted before supersession.
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