Exchange rate determination for imported goods establishes official conversion rates for stamp duty and customs calculation. The Central Government prescribes official conversion rates for specified foreign currencies into Indian rupees for calculating stamp duty under the Indian Stamp Act and for determining values under section 14 of the Customs Act insofar as they relate to imported goods; the notification supersedes the earlier notification and declares the rates in two appended schedules (per unit and per one hundred units) effective from 1st June, 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 establishes official conversion rates for stamp duty and customs calculation.
The Central Government prescribes official conversion rates for specified foreign currencies into Indian rupees for calculating stamp duty under the Indian Stamp Act and for determining values under section 14 of the Customs Act insofar as they relate to imported goods; the notification supersedes the earlier notification and declares the rates in two appended schedules (per unit and per one hundred units) effective from 1st June, 1998.
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