Exchange rate determination for export goods under customs law; specified currency conversion rates prescribed and prior notification superseded. The Central Government prescribes specific exchange conversion rates for specified foreign currencies into Indian rupees for purposes related to export goods under the Customs Act, set out in two schedules (per unit rates in Schedule I and per 100 unit rates in Schedule II), and supersedes the prior exchange rate notification for application in export customs valuation and related statutory purposes.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for export goods under customs law; specified currency conversion rates prescribed and prior notification superseded.
The Central Government prescribes specific exchange conversion rates for specified foreign currencies into Indian rupees for purposes related to export goods under the Customs Act, set out in two schedules (per unit rates in Schedule I and per 100 unit rates in Schedule II), and supersedes the prior exchange rate notification for application in export customs valuation and related statutory purposes.
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