Exchange rate determination for export goods sets prescribed foreign currency conversion rates and replaces prior notification. The Central Government, exercising powers under the Customs Act, determines the rate of exchange for conversion between specified foreign currencies and Indian rupees for export goods, superseding the earlier notification and prescribing the rates set out in Schedules I and II as the operative exchange-rate table from the stated commencement date.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for export goods sets prescribed foreign currency conversion rates and replaces prior notification.
The Central Government, exercising powers under the Customs Act, determines the rate of exchange for conversion between specified foreign currencies and Indian rupees for export goods, superseding the earlier notification and prescribing the rates set out in Schedules I and II as the operative exchange-rate table from the stated commencement date.
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