Exchange rate determination for export goods: specified foreign currency conversion rates into Indian rupees set effective from notified date. The Central Government, under clause (a)(i) of sub section (3) of section 14 of the Customs Act, 1962, determines the rate of exchange for specified foreign currencies for purposes relating to export goods, superseding the earlier notification, and prescribes conversion rates in two schedules (per unit and per 100 units) to operate from the notified commencement date.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for export goods: specified foreign currency conversion rates into Indian rupees set effective from notified date.
The Central Government, under clause (a)(i) of sub section (3) of section 14 of the Customs Act, 1962, determines the rate of exchange for specified foreign currencies for purposes relating to export goods, superseding the earlier notification, and prescribes conversion rates in two schedules (per unit and per 100 units) to operate from the notified commencement date.
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