Exchange Rate Fixation sets export goods conversion rates effective June, impacting customs valuation for exports. Determines exchange rates for specified foreign currencies for export goods under section 14(3)(a) of the Customs Act, 1962, superseding the prior notification, and prescribes that, with effect from 1st June, 2000, the rates shown in Schedule I (unit equivalents) and Schedule II (per 100 units) are the rates for conversion into Indian rupees for export valuation.
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Determines exchange rates for specified foreign currencies for export goods under section 14(3)(a) of the Customs Act, 1962, superseding the prior notification, and prescribes that, with effect from 1st June, 2000, the rates shown in Schedule I (unit equivalents) and Schedule II (per 100 units) are the rates for conversion into Indian rupees for export valuation.
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