Exchange rate notification substitutes customs conversion rates for listed foreign currencies, affecting import valuation rules. Amendment of customs exchange-rate notification substitutes specified foreign currency conversion rates in Schedule I and Schedule II of the earlier notification, invoking statutory authority under the Indian Stamp Act and the Customs Act, and fixes the rupee equivalents for the listed currencies for customs valuation purposes with effect from the stated effective date.
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Provisions expressly mentioned in the judgment/order text.
Amendment of customs exchange-rate notification substitutes specified foreign currency conversion rates in Schedule I and Schedule II of the earlier notification, invoking statutory authority under the Indian Stamp Act and the Customs Act, and fixes the rupee equivalents for the listed currencies for customs valuation purposes with effect from the stated effective date.
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