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        Customs

        Rate of exchange of one unit of foreign currency equivalent to Indian rupees - Supersession Notification No.61/2023-Customs(N.T.), dated 17th August, 2023 - 64/2023 - Customs - Non Tariff

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        Exchange Rate Determination sets official rupee conversion rates for specified foreign currencies, affecting import and export valuation. Central Board of Indirect Taxes and Customs determines official rupee conversion rates for specified foreign currencies for import and export valuation, superseding Notification No. 61/2023-Customs(N.T.) and taking effect from 7th September 2023. Schedule I provides per-unit rates with separate columns for imported and export goods; Schedule II provides rupee-equivalent rates per 100 units for certain currencies. The notification governs valuation under the Customs Act and does not affect actions completed before its supersession.
                    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 official rupee conversion rates for specified foreign currencies, affecting import and export valuation.

                          Central Board of Indirect Taxes and Customs determines official rupee conversion rates for specified foreign currencies for import and export valuation, superseding Notification No. 61/2023-Customs(N.T.) and taking effect from 7th September 2023. Schedule I provides per-unit rates with separate columns for imported and export goods; Schedule II provides rupee-equivalent rates per 100 units for certain currencies. The notification governs valuation under the Customs Act and does not affect actions completed before its supersession.


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