Exchange rate determination sets specified foreign currency conversion rates for customs valuation of imports and exports, superseding prior notification. Determination under section 14 establishes specified foreign currency conversion rates, effective 4th September 2020, superseding Notification No.80/2020 except as to acts or omissions done before supersession. The notification prescribes Schedule I with per unit rupee equivalents and Schedule II with per 100 unit rupee equivalents to be used for conversion between foreign currencies and Indian rupees for customs purposes relating to imported and 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 specified foreign currency conversion rates for customs valuation of imports and exports, superseding prior notification.
Determination under section 14 establishes specified foreign currency conversion rates, effective 4th September 2020, superseding Notification No.80/2020 except as to acts or omissions done before supersession. The notification prescribes Schedule I with per unit rupee equivalents and Schedule II with per 100 unit rupee equivalents to be used for conversion between foreign currencies and Indian rupees for customs purposes relating to imported and exported goods.
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