Exchange rate determination: prescribed currency conversion rates govern stamp duty and customs valuation for imported goods. Prescribes fixed conversion rates for specified foreign currencies into Indian rupees to be used in calculating stamp duty under the Indian Stamp Act, 1899 and for determining values of imported goods under section 14 of the Customs Act, 1962; supersedes the earlier notification and makes the rates listed in Schedule I and Schedule II binding 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: prescribed currency conversion rates govern stamp duty and customs valuation for imported goods.
Prescribes fixed conversion rates for specified foreign currencies into Indian rupees to be used in calculating stamp duty under the Indian Stamp Act, 1899 and for determining values of imported goods under section 14 of the Customs Act, 1962; supersedes the earlier notification and makes the rates listed in Schedule I and Schedule II binding from the stated effective date.
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