Exchange rate fixation sets official monthly conversion rates for customs valuation and stamp duty calculations. Fixes monthly foreign exchange conversion rates effective from the first day of the month for calculating stamp duty and for customs valuation of imported goods, superseding the prior notification; Schedule I lists per unit currency rates and Schedule II lists rates per one hundred units to be used as the authoritative conversion figures in statutory calculations.
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 sets official monthly conversion rates for customs valuation and stamp duty calculations.
Fixes monthly foreign exchange conversion rates effective from the first day of the month for calculating stamp duty and for customs valuation of imported goods, superseding the prior notification; Schedule I lists per unit currency rates and Schedule II lists rates per one hundred units to be used as the authoritative conversion figures in statutory calculations.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
