Exchange rate determination sets official conversion rates for customs and stamp duty, affecting imported goods valuation. Prescribes official exchange rates for conversion between specified foreign currencies and Indian rupees for calculating stamp duty under the Indian Stamp Act, 1899 and for purposes of section 14 of the Customs Act, 1962 relating to imported goods; two schedules set unit and per hundred unit rates for listed currencies, the notification exercises the cited statutory powers and supersedes the earlier notification.
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 sets official conversion rates for customs and stamp duty, affecting imported goods valuation.
Prescribes official exchange rates for conversion between specified foreign currencies and Indian rupees for calculating stamp duty under the Indian Stamp Act, 1899 and for purposes of section 14 of the Customs Act, 1962 relating to imported goods; two schedules set unit and per hundred unit rates for listed currencies, the notification exercises the cited statutory powers and supersedes the earlier notification.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.