Exchange rate amendment updates statutory conversion values for specified foreign currencies affecting export valuation and customs procedures. The Central Government amends earlier Customs notifications by substituting Schedule entries for four specified foreign currencies with revised rupee-equivalent exchange rates, and declares those revised rates effective from the stated effective date; the amendment is issued under provisions of the Indian Stamp Act and the Customs Act and operates to alter the statutory conversion values applicable to export goods.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate amendment updates statutory conversion values for specified foreign currencies affecting export valuation and customs procedures.
The Central Government amends earlier Customs notifications by substituting Schedule entries for four specified foreign currencies with revised rupee-equivalent exchange rates, and declares those revised rates effective from the stated effective date; the amendment is issued under provisions of the Indian Stamp Act and the Customs Act and operates to alter the statutory conversion values applicable to export goods.
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