Exchange rate determination sets prescribed currency conversion rates for export goods effective from 1 June 1997. Determines the official rate of exchange for conversion between specified foreign currencies and Indian rupees for export goods under section 14(3)(a)(i) of the Customs Act, 1962, superseding the earlier notification and prescribing that, from the stated commencement date, the conversion rate for each currency shall be the rate shown against it in the appended Schedule I (per one unit) and Schedule II (per one hundred units).
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination sets prescribed currency conversion rates for export goods effective from 1 June 1997.
Determines the official rate of exchange for conversion between specified foreign currencies and Indian rupees for export goods under section 14(3)(a)(i) of the Customs Act, 1962, superseding the earlier notification and prescribing that, from the stated commencement date, the conversion rate for each currency shall be the rate shown against it in the appended Schedule I (per one unit) and Schedule II (per one hundred units).
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