Exchange rate determination for customs conversions prescribes distinct import and export currency rates effective from January first. Determination under the Customs law prescribes distinct rupee conversion rates for specified foreign currencies for imported and exported goods, effective 1 January 2009, superseding the prior notification. Schedule I lists per unit rupee equivalents for eleven named currencies with separate import and export rates; Schedule II sets the rupee equivalent for one hundred units of Japanese Yen with separate import and export entries. The notification exercises the Board's authority to fix exchange rates for customs conversion and related compliance.
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 for customs conversions prescribes distinct import and export currency rates effective from January first.
Determination under the Customs law prescribes distinct rupee conversion rates for specified foreign currencies for imported and exported goods, effective 1 January 2009, superseding the prior notification. Schedule I lists per unit rupee equivalents for eleven named currencies with separate import and export rates; Schedule II sets the rupee equivalent for one hundred units of Japanese Yen with separate import and export entries. The notification exercises the Board's authority to fix exchange rates for customs conversion and related compliance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
