Exchange rate determination for imported goods prescribed, affecting stamp duty and customs valuation for currency conversion. Prescribes fixed exchange rates for specified foreign currencies to be used for converting between foreign currency and Indian currency for calculating stamp duty under the Indian Stamp Act and for the application of section 14 of the Customs Act in relation to imported goods, superseding an earlier notification and providing two schedules of rates to standardise conversion for statutory assessment purposes.
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 imported goods prescribed, affecting stamp duty and customs valuation for currency conversion.
Prescribes fixed exchange rates for specified foreign currencies to be used for converting between foreign currency and Indian currency for calculating stamp duty under the Indian Stamp Act and for the application of section 14 of the Customs Act in relation to imported goods, superseding an earlier notification and providing two schedules of rates to standardise conversion for statutory assessment purposes.
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