Exchange rate notification: Government adds euro as recognized foreign currency for import valuation under customs rules. Amendment to customs exchange-rate schedule inserts a new Schedule I entry designating the Euro as a foreign currency with a prescribed rate of exchange for valuation of imported goods, and specifies the date from which that rate is effective, effected under the statutory powers conferred by section 20 of the Indian Stamp Act and section 14(3)(a)(i) of the Customs Act.
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 notification: Government adds euro as recognized foreign currency for import valuation under customs rules.
Amendment to customs exchange-rate schedule inserts a new Schedule I entry designating the Euro as a foreign currency with a prescribed rate of exchange for valuation of imported goods, and specifies the date from which that rate is effective, effected under the statutory powers conferred by section 20 of the Indian Stamp Act and section 14(3)(a)(i) of the Customs Act.
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