Exchange rate determination for export goods sets specified currency conversion rates applicable to Indian rupee valuation. Notification No. 85/98 Cus. (N.T.) determines fixed exchange rates for conversion between specified foreign currencies and Indian rupees for export goods under the Customs Act authority, effective from the notified date. The rates are set out in two schedules: Schedule I provides rupee equivalents per one unit of listed major currencies, and Schedule II provides rupee equivalents per one hundred units for certain other currencies; the notification supersedes 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 export goods sets specified currency conversion rates applicable to Indian rupee valuation.
Notification No. 85/98 Cus. (N.T.) determines fixed exchange rates for conversion between specified foreign currencies and Indian rupees for export goods under the Customs Act authority, effective from the notified date. The rates are set out in two schedules: Schedule I provides rupee equivalents per one unit of listed major currencies, and Schedule II provides rupee equivalents per one hundred units for certain other currencies; the notification supersedes the earlier notification.
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