Exchange rate determination sets prescribed conversion rates for customs processing, differentiating imported and exported goods. The Central Board of Indirect Taxes and Customs, exercising powers under section 14 of the Customs Act, determines specified rupee conversion rates for listed foreign currencies for customs purposes, effective 17th April, 2020, superseding a prior notification; Schedule I sets per unit rates for imported and exported goods, and Schedule II sets per hundred unit rates for certain currencies.
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 prescribed conversion rates for customs processing, differentiating imported and exported goods.
The Central Board of Indirect Taxes and Customs, exercising powers under section 14 of the Customs Act, determines specified rupee conversion rates for listed foreign currencies for customs purposes, effective 17th April, 2020, superseding a prior notification; Schedule I sets per unit rates for imported and exported goods, and Schedule II sets per hundred unit rates for certain currencies.
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