Exchange rate determination sets statutory conversion rates for customs valuation and stamp duty on imported goods. Prescribes statutory exchange rates for specified foreign currencies to be used in calculating stamp duty under the Indian Stamp Act, 1899 and for purposes of section 14 of the Customs Act, 1962 in relation to imported goods, superseding the prior notification and declaring the rates set out in Schedules I and II as the operative conversion rates for transactions between foreign currency and Indian currency from the notified commencement 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 sets statutory conversion rates for customs valuation and stamp duty on imported goods.
Prescribes statutory exchange rates for specified foreign currencies to be used in calculating stamp duty under the Indian Stamp Act, 1899 and for purposes of section 14 of the Customs Act, 1962 in relation to imported goods, superseding the prior notification and declaring the rates set out in Schedules I and II as the operative conversion rates for transactions between foreign currency and Indian currency from the notified commencement date.
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