Exchange rate determination for export goods prescribes notified currency conversion rates effective for customs valuation. Determination under section 14(3)(a)(i) of the Customs Act, 1962 prescribes, effective 1 July 1997, the rate of exchange for specified foreign currencies for conversion into Indian rupees and vice versa for export goods. The determination is implemented by two schedules: Schedule I (rates per one unit of currency) and Schedule II (rates per one hundred units), and supersedes the earlier notification specified.
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 export goods prescribes notified currency conversion rates effective for customs valuation.
Determination under section 14(3)(a)(i) of the Customs Act, 1962 prescribes, effective 1 July 1997, the rate of exchange for specified foreign currencies for conversion into Indian rupees and vice versa for export goods. The determination is implemented by two schedules: Schedule I (rates per one unit of currency) and Schedule II (rates per one hundred units), and supersedes the earlier notification specified.
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