Exchange rate determination for customs and stamp duty: prescribed schedule of currency conversions now governs imported goods conversions. Prescribes foreign currency exchange rates for converting specified currencies into Indian rupees for calculating stamp duty under the Indian Stamp Act, 1899 and for purposes of section 14 of the Customs Act, 1962 in relation to imported goods, superseding the earlier notification and fixing the applicable rates by reference to two appended schedules listing currencies and their rupee equivalents to be applied from the stated commencement 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 for customs and stamp duty: prescribed schedule of currency conversions now governs imported goods conversions.
Prescribes foreign currency exchange rates for converting specified currencies into Indian rupees for calculating stamp duty under the Indian Stamp Act, 1899 and for purposes of section 14 of the Customs Act, 1962 in relation to imported goods, superseding the earlier notification and fixing the applicable rates by reference to two appended schedules listing currencies and their rupee equivalents to be applied from the stated commencement date.
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