Rate of exchange of one unit of foreign currency equivalent to Indian rupees - Supersession Notification No.43/2022-Customs(N.T.), dated 19th May, 2022 - 49/2022 - Customs - Non Tariff
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Exchange rate determination: notified import and export conversion rates for specified foreign currencies, superseding the prior notification. Under the Customs Act authority, the Board fixes conversion rates for specified foreign currencies for customs valuation, prescribing distinct import and export rates in Schedule I and Schedule II (per unit and per hundred units respectively), and superseding the prior exchange rate notification while preserving prior actions; these rates operate from the notification's effective date for purposes relating to imported and exported goods.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination: notified import and export conversion rates for specified foreign currencies, superseding the prior notification.
Under the Customs Act authority, the Board fixes conversion rates for specified foreign currencies for customs valuation, prescribing distinct import and export rates in Schedule I and Schedule II (per unit and per hundred units respectively), and superseding the prior exchange rate notification while preserving prior actions; these rates operate from the notification's effective date for purposes relating to imported and exported goods.
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