Exchange rate amendment updates notified foreign currency valuations for export customs procedures, changing scheduled currency rates effective immediately. Amendment revises notified exchange rates for export goods by substituting entries in Schedule I and Schedule II, replacing prior rates for Pound Sterling, Swiss Franc, Belgian Francs and Japanese Yen with updated rupee equivalents. The substituted rates alter the valuation basis for those foreign currencies in customs export procedures and are effective from the stated commencement date.
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.
Amendment revises notified exchange rates for export goods by substituting entries in Schedule I and Schedule II, replacing prior rates for Pound Sterling, Swiss Franc, Belgian Francs and Japanese Yen with updated rupee equivalents. The substituted rates alter the valuation basis for those foreign currencies in customs export procedures and are effective from the stated commencement date.
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