Rate of exchange of one unit of foreign currency equivalent to Indian rupees - Supersession Notification No. 87/2022-Customs (N.T.), dated 06th October, 2022 - 90/2022 - Customs - Non Tariff
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Exchange rate determination under Customs Act: prescribed conversion rates for specified foreign currencies for import and export. The central customs authority fixes conversion rates of specified foreign currencies into Indian rupees for customs valuation, prescribing separate rates for imported and export goods via Schedule I (per unit rates) and Schedule II (per hundred unit rates); the Notification supersedes a prior notification and makes the new rates effective from 21 October 2022 while preserving prior actions.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination under Customs Act: prescribed conversion rates for specified foreign currencies for import and export.
The central customs authority fixes conversion rates of specified foreign currencies into Indian rupees for customs valuation, prescribing separate rates for imported and export goods via Schedule I (per unit rates) and Schedule II (per hundred unit rates); the Notification supersedes a prior notification and makes the new rates effective from 21 October 2022 while preserving prior actions.
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