Exchange rate determination for export goods under Customs Act sets specified currency conversion rates effective from the stated month. The Central Government, exercising powers under the Customs Act, fixes the conversion rates at which the listed foreign currencies shall be converted into Indian rupees (and vice versa) for export goods. The notification supersedes an earlier notification and attaches two schedules-one with per-unit currency rates and another with rates per one hundred units-which govern exchange treatment for export-related customs valuation and procedures from the commencement date stated in the notification.
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 export goods under Customs Act sets specified currency conversion rates effective from the stated month.
The Central Government, exercising powers under the Customs Act, fixes the conversion rates at which the listed foreign currencies shall be converted into Indian rupees (and vice versa) for export goods. The notification supersedes an earlier notification and attaches two schedules-one with per-unit currency rates and another with rates per one hundred units-which govern exchange treatment for export-related customs valuation and procedures from the commencement date stated in the notification.
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