Exchange rate amendment updates official conversion rates for specified foreign currencies, effective from early October, affecting import valuation. Amendment to Notification No. 75/98-Cus. (N.T.) substitutes specified rate of exchange entries in Schedule I and Schedule II for certain foreign currencies, including Australian Dollar, Deutsche Mark, Singapore Dollar and Belgian Francs, under powers conferred by the Indian Stamp Act, 1899 and the Customs Act, 1962; the substituted rates apply for customs valuation of imported goods from the stated effective 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.
Exchange rate amendment updates official conversion rates for specified foreign currencies, effective from early October, affecting import valuation.
Amendment to Notification No. 75/98-Cus. (N.T.) substitutes specified rate of exchange entries in Schedule I and Schedule II for certain foreign currencies, including Australian Dollar, Deutsche Mark, Singapore Dollar and Belgian Francs, under powers conferred by the Indian Stamp Act, 1899 and the Customs Act, 1962; the substituted rates apply for customs valuation of imported goods from the stated effective date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
