Exchange rate prescription: government fixes conversion rates for import valuation and stamp duty, superseding prior notification. Prescribes the rate of exchange for converting specified foreign currencies into Indian currency for 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 earlier notification and fixing the rates by reference to two appended schedules which list currency-specific rupee equivalents.
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 prescription: government fixes conversion rates for import valuation and stamp duty, superseding prior notification.
Prescribes the rate of exchange for converting specified foreign currencies into Indian currency for 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 earlier notification and fixing the rates by reference to two appended schedules which list currency-specific rupee equivalents.
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