Exchange rate determination for imported goods: prescribed statutory conversion rates to apply for stamp duty and customs calculations. The Central Government prescribes the rate of exchange for conversion of specified foreign currencies into Indian rupees for calculating stamp duty under the Indian Stamp Act, 1899 and for the purposes of section 14 of the Customs Act, 1962 in relation to imported goods, superseding an earlier notification; the fixed rates are set out in Schedule I and Schedule II and apply with effect from 1st November, 1998.
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: prescribed statutory conversion rates to apply for stamp duty and customs calculations.
The Central Government prescribes the rate of exchange for conversion of specified foreign currencies into Indian rupees for calculating stamp duty under the Indian Stamp Act, 1899 and for the purposes of section 14 of the Customs Act, 1962 in relation to imported goods, superseding an earlier notification; the fixed rates are set out in Schedule I and Schedule II and apply with effect from 1st November, 1998.
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