Exchange rate notification updates prescribed import valuation rates for specified foreign currencies, affecting customs valuation for imports. Central Government amends the customs notification by substituting specified entries in Schedule I and Schedule II to replace the prescribed foreign currency conversion rates for listed currencies, the changes taking effect on the stated operative date and governing rupee equivalents used for valuation and related customs purposes.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate notification updates prescribed import valuation rates for specified foreign currencies, affecting customs valuation for imports.
Central Government amends the customs notification by substituting specified entries in Schedule I and Schedule II to replace the prescribed foreign currency conversion rates for listed currencies, the changes taking effect on the stated operative date and governing rupee equivalents used for valuation and related customs purposes.
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