Exchange rate determination for customs valuation sets distinct import and export conversion rates effective from the specified date. The Central Board of Indirect Taxes and Customs determines under section 14 of the Customs Act, 1962 the rate of exchange for each foreign currency set out in Schedule I and Schedule II, with distinct rates for imported and exported goods, effective from 19th June, 2020, and superseding the earlier notification except as to prior actions.
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 for customs valuation sets distinct import and export conversion rates effective from the specified date.
The Central Board of Indirect Taxes and Customs determines under section 14 of the Customs Act, 1962 the rate of exchange for each foreign currency set out in Schedule I and Schedule II, with distinct rates for imported and exported goods, effective from 19th June, 2020, and superseding the earlier notification except as to prior actions.
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