Exchange rate determination for export goods sets specified currency conversion rates, superseding prior notification and taking effect soon. The Central Government determines rates of exchange for conversion between specified foreign currencies and Indian rupees for export goods, superseding the earlier notification and taking effect from the 1st day of May, 1997. Schedule I lists rates as the rupee equivalent of one unit of each named currency; Schedule II lists rates as the rupee equivalent of one hundred units for specified currencies, thereby fixing the conversion benchmarks applicable to export-related customs processes.
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 sets specified currency conversion rates, superseding prior notification and taking effect soon.
The Central Government determines rates of exchange for conversion between specified foreign currencies and Indian rupees for export goods, superseding the earlier notification and taking effect from the 1st day of May, 1997. Schedule I lists rates as the rupee equivalent of one unit of each named currency; Schedule II lists rates as the rupee equivalent of one hundred units for specified currencies, thereby fixing the conversion benchmarks applicable to export-related customs processes.
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