Exchange rate determination: government prescribes official conversion rates for foreign currencies for customs and stamp duty purposes. Notification prescribes official exchange rates for specified foreign currencies for calculating stamp duty under the Indian Stamp Act and for purposes of section 14 of the Customs Act in relation to imported goods, superseding the earlier notification, and declares that the rates set out in Schedules I and II are the conversion rates to apply from the stated effective date.
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 determination: government prescribes official conversion rates for foreign currencies for customs and stamp duty purposes.
Notification prescribes official exchange rates for specified foreign currencies for calculating stamp duty under the Indian Stamp Act and for purposes of section 14 of the Customs Act in relation to imported goods, superseding the earlier notification, and declares that the rates set out in Schedules I and II are the conversion rates to apply from the stated effective date.
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