Rate of exchange fixation sets conversion rates for imported goods and stamp duty/customs calculation, effective from the stated date. The Central Government fixes the rate of exchange to be applied to imported goods and to the calculation of stamp duty under the Indian Stamp Act and the Customs Act, superseding the prior notification. It prescribes specific conversion rates in two schedules (per unit and per 100 units) for listed foreign currencies for conversion to and from Indian rupees, to operate with effect from the 1st August, 2000.
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.
Rate of exchange fixation sets conversion rates for imported goods and stamp duty/customs calculation, effective from the stated date.
The Central Government fixes the rate of exchange to be applied to imported goods and to the calculation of stamp duty under the Indian Stamp Act and the Customs Act, superseding the prior notification. It prescribes specific conversion rates in two schedules (per unit and per 100 units) for listed foreign currencies for conversion to and from Indian rupees, to operate with effect from the 1st August, 2000.
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