Exchange rate determination sets statutory currency conversion rates for import and export valuation effective 5 June 2020. The Central Board of Indirect Taxes and Customs prescribes statutory exchange rates for conversion between specified foreign currencies and Indian rupees for import and export valuation, superseding the prior notification; Schedule I lists per unit rupee equivalents for major currencies and Schedule II lists per 100 unit equivalents for certain currencies, with the prescribed rates effective from 5th June, 2020.
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 statutory currency conversion rates for import and export valuation effective 5 June 2020.
The Central Board of Indirect Taxes and Customs prescribes statutory exchange rates for conversion between specified foreign currencies and Indian rupees for import and export valuation, superseding the prior notification; Schedule I lists per unit rupee equivalents for major currencies and Schedule II lists per 100 unit equivalents for certain currencies, with the prescribed rates effective from 5th June, 2020.
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