Exchange rate fixation for imported goods enables uniform valuation and stamp duty calculation under Indian Stamps and Customs Acts. Fixes the rate of exchange for specified foreign currencies for calculating stamp duty under the Indian Stamp Act and for application of section 14 of the Customs Act in relation to imported goods, superseding the prior notification; conversion rates are prescribed in two schedules for the listed currencies and take effect from the first day of the relevant month as the operative reference for customs valuation and stamp duty computation.
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 fixation for imported goods enables uniform valuation and stamp duty calculation under Indian Stamps and Customs Acts.
Fixes the rate of exchange for specified foreign currencies for calculating stamp duty under the Indian Stamp Act and for application of section 14 of the Customs Act in relation to imported goods, superseding the prior notification; conversion rates are prescribed in two schedules for the listed currencies and take effect from the first day of the relevant month as the operative reference for customs valuation and stamp duty computation.
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