Exchange rate amendment updates customs valuation rates for several foreign currencies, affecting import valuation and duty calculations. The Central Government amends the customs notification to substitute specified entries in Schedule I and Schedule II, revising the rupee equivalences for listed foreign currencies (Canadian Dollar, Deutsche Mark, Dutch Guilder, French Franc, Pound Sterling, Swiss Franc, U.S. Dollar, Belgian Francs). The substituted exchange rates govern customs import valuation and take effect from 8th 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 amendment updates customs valuation rates for several foreign currencies, affecting import valuation and duty calculations.
The Central Government amends the customs notification to substitute specified entries in Schedule I and Schedule II, revising the rupee equivalences for listed foreign currencies (Canadian Dollar, Deutsche Mark, Dutch Guilder, French Franc, Pound Sterling, Swiss Franc, U.S. Dollar, Belgian Francs). The substituted exchange rates govern customs import valuation and take effect from 8th June, 1998.
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 
