Exchange rate determination under Customs Act sets conversion rates for specified foreign currencies for imports and exports. Determination under section 14 of the Customs Act fixes conversion rates of specified foreign currencies to Indian rupees for customs purposes, prescribing separate rates for imported goods and exported goods in Schedule I (per unit) and Schedule II (per 100 units), and superseding the prior notification with effect from the stated operative date.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination under Customs Act sets conversion rates for specified foreign currencies for imports and exports.
Determination under section 14 of the Customs Act fixes conversion rates of specified foreign currencies to Indian rupees for customs purposes, prescribing separate rates for imported goods and exported goods in Schedule I (per unit) and Schedule II (per 100 units), and superseding the prior notification with effect from the stated operative date.
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