Exchange rate notification: substituted statutory exchange rates for specified foreign currencies, altering import valuation consequences and taking effect immediately. Amendment substitutes the Schedule I and Schedule II entries of the prior customs notification to set new rupee exchange rates for specified foreign currencies, thereby fixing the conversion benchmarks for customs valuation and related processes; the substituted rates take effect from 16th May, 1998.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate notification: substituted statutory exchange rates for specified foreign currencies, altering import valuation consequences and taking effect immediately.
Amendment substitutes the Schedule I and Schedule II entries of the prior customs notification to set new rupee exchange rates for specified foreign currencies, thereby fixing the conversion benchmarks for customs valuation and related processes; the substituted rates take effect from 16th May, 1998.
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