Exchange rate determination sets customs conversion rates for specified currencies, applicable to import and export valuation from the effective date. The notification prescribes rupee conversion rates for specified foreign currencies to be applied in customs valuation for imported and exported goods, effective 17 July 2020, superseding the earlier notification of 2 July 2020 except for prior actions. Separate schedules provide currency-specific rates: Schedule I gives rates per one unit and Schedule II gives rates per one hundred units, with distinct figures for imported goods and for exported goods.
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 customs conversion rates for specified currencies, applicable to import and export valuation from the effective date.
The notification prescribes rupee conversion rates for specified foreign currencies to be applied in customs valuation for imported and exported goods, effective 17 July 2020, superseding the earlier notification of 2 July 2020 except for prior actions. Separate schedules provide currency-specific rates: Schedule I gives rates per one unit and Schedule II gives rates per one hundred units, with distinct figures for imported goods and for exported goods.
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