Exchange rate determination for imported goods establishes official conversion rates for customs and stamp duty. The Central Government determines that the specified rates in the appended Schedules shall be the rates of exchange to be applied in converting each listed foreign currency into Indian currency and vice versa for the purposes of calculating stamp duty and for customs valuation of imported goods, and that these rates supersede 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 for imported goods establishes official conversion rates for customs and stamp duty.
The Central Government determines that the specified rates in the appended Schedules shall be the rates of exchange to be applied in converting each listed foreign currency into Indian currency and vice versa for the purposes of calculating stamp duty and for customs valuation of imported goods, and that these rates supersede the earlier notification.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
