Exchange rate determination: revised foreign currency conversion rates set for import and export valuation under Customs Act The Central Board determines conversion rates of specified foreign currencies into Indian rupees for customs purposes, prescribing separate rates for imported goods and exported goods as listed in Schedule I (per unit) and Schedule II (per 100 units). The notification, issued under the Customs Act authority, supersedes the prior exchange rate notification and fixes the operative exchange rates to be applied for import and export valuation.
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: revised foreign currency conversion rates set for import and export valuation under Customs Act
The Central Board determines conversion rates of specified foreign currencies into Indian rupees for customs purposes, prescribing separate rates for imported goods and exported goods as listed in Schedule I (per unit) and Schedule II (per 100 units). The notification, issued under the Customs Act authority, supersedes the prior exchange rate notification and fixes the operative exchange rates to be applied for import and export valuation.
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