Exchange rate determination for export goods establishes official conversion rates and supersedes prior notification, effective from notified date. The Central Government, under the authority of sub-clause (a) of sub-section (3) of section 14 of the Customs Act, prescribes official exchange rates for specified foreign currencies applicable to export goods, superseding the earlier notification and taking effect from the notified commencement date; rates are set out in Schedule I (per one unit) and Schedule II (per one hundred units) for use in conversion into Indian currency or vice-versa for export-related purposes.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for export goods establishes official conversion rates and supersedes prior notification, effective from notified date.
The Central Government, under the authority of sub-clause (a) of sub-section (3) of section 14 of the Customs Act, prescribes official exchange rates for specified foreign currencies applicable to export goods, superseding the earlier notification and taking effect from the notified commencement date; rates are set out in Schedule I (per one unit) and Schedule II (per one hundred units) for use in conversion into Indian currency or vice-versa for export-related purposes.
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