Exchange rate notification updates foreign currency conversion rates for imports and exports, modifying Customs valuation and compliance calculations. Amendment replaces specified entries in the exchange-rate schedules for Customs conversion of foreign currencies into Indian rupees, substituting revised rates in Schedule I for unit based import and export conversion and in Schedule II for the Japanese Yen, thereby updating the numerical bases used for Customs valuation and related procedural calculations.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate notification updates foreign currency conversion rates for imports and exports, modifying Customs valuation and compliance calculations.
Amendment replaces specified entries in the exchange-rate schedules for Customs conversion of foreign currencies into Indian rupees, substituting revised rates in Schedule I for unit based import and export conversion and in Schedule II for the Japanese Yen, thereby updating the numerical bases used for Customs valuation and related procedural calculations.
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