Exchange Rate Determination sets official customs conversion rates for specified foreign currencies for import and export, superseding prior notification. Exchange Rate Determination fixes official rupee conversion rates for specified foreign currencies for customs valuation of imports and exports, effective 1 June 2009, under section 14 of the Customs Act, 1962. It supersedes the prior notification and lists separate import and export rates in Schedule I and a per-100-unit rate for Japanese yen in Schedule II, to be used by customs authorities and traders for statutory 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 sets official customs conversion rates for specified foreign currencies for import and export, superseding prior notification.
Exchange Rate Determination fixes official rupee conversion rates for specified foreign currencies for customs valuation of imports and exports, effective 1 June 2009, under section 14 of the Customs Act, 1962. It supersedes the prior notification and lists separate import and export rates in Schedule I and a per-100-unit rate for Japanese yen in Schedule II, to be used by customs authorities and traders for statutory valuation purposes.
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