Exchange rate determination for customs valuation; specified differing import and export currency rates apply under Customs Act. The Central Board of Excise and Customs, under the Customs Act, prescribes rates of exchange for conversion of specified foreign currencies into Indian rupees (and vice versa) for imported and export goods. The notification supersedes the prior notification and fixes the rates set out in the annexed Schedule I (per unit rates for listed currencies) and Schedule II (rate for 100 units of Japanese Yen) to operate with effect from 1st May, 2009 for customs valuation purposes.
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 valuation; specified differing import and export currency rates apply under Customs Act.
The Central Board of Excise and Customs, under the Customs Act, prescribes rates of exchange for conversion of specified foreign currencies into Indian rupees (and vice versa) for imported and export goods. The notification supersedes the prior notification and fixes the rates set out in the annexed Schedule I (per unit rates for listed currencies) and Schedule II (rate for 100 units of Japanese Yen) to operate with effect from 1st May, 2009 for customs valuation purposes.
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