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        Customs

        Seeks to amend Notification No. 113/2020-CUSTOMS (N.T.), dated 17th December, 2020 - 114/2020 - Customs - Non Tariff

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        Exchange Rate Adjustment updates Turkish Lira conversion rates for import and export, altering customs valuation consequences. Amendment substitutes the Turkish Lira entry in Schedule I of Notification No.113/2020-CUSTOMS (N.T.), effective 31st December, 2020, replacing serial number 18. The Schedule specifies the rate of exchange for one Turkish Lira as 10.25 rupees for imported goods and 9.65 rupees for exported goods, thereby updating the statutory conversion figures applied for customs purposes.
                      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 Adjustment updates Turkish Lira conversion rates for import and export, altering customs valuation consequences.

                            Amendment substitutes the Turkish Lira entry in Schedule I of Notification No.113/2020-CUSTOMS (N.T.), effective 31st December, 2020, replacing serial number 18. The Schedule specifies the rate of exchange for one Turkish Lira as 10.25 rupees for imported goods and 9.65 rupees for exported goods, thereby updating the statutory conversion figures applied for customs purposes.


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