Exchange rate determination used for stamp duty and customs valuation of imported goods following prescribed official rates. Prescribes official foreign currency conversion rates to be applied for calculating stamp duty under the Indian Stamp Act, 1899 and for purposes of section 14 of the Customs Act, 1962 in relation to imported goods, and supersedes the earlier notification by declaring the rates listed in Schedules I and II as the authoritative exchange values for conversion between the listed foreign currencies and Indian currency.
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 used for stamp duty and customs valuation of imported goods following prescribed official rates.
Prescribes official foreign currency conversion rates to be applied for calculating stamp duty under the Indian Stamp Act, 1899 and for purposes of section 14 of the Customs Act, 1962 in relation to imported goods, and supersedes the earlier notification by declaring the rates listed in Schedules I and II as the authoritative exchange values for conversion between the listed foreign currencies and Indian currency.
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