Exchange rate notification sets official foreign currency conversion rates for import valuation and stamp duty application. Prescribes official conversion rates for specified foreign currencies into Indian rupees for calculating stamp duty under the Indian Stamp Act, 1899 and for Customs valuation of imported goods under Section 14 of the Customs Act, 1962, superseding the earlier notification; rates in Schedule I (per unit) and Schedule II (per 100 units) apply from the stated commencement date and are to be used by customs and stamp authorities for import valuation and stamp duty assessment.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate notification sets official foreign currency conversion rates for import valuation and stamp duty application.
Prescribes official conversion rates for specified foreign currencies into Indian rupees for calculating stamp duty under the Indian Stamp Act, 1899 and for Customs valuation of imported goods under Section 14 of the Customs Act, 1962, superseding the earlier notification; rates in Schedule I (per unit) and Schedule II (per 100 units) apply from the stated commencement date and are to be used by customs and stamp authorities for import valuation and stamp duty assessment.
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