Exchange rate determination for export goods prescribes updated foreign currency conversion rates to govern export valuation procedures. The Central Government prescribes specific exchange rates for conversion between Indian currency and listed foreign currencies for export goods, superseding the earlier notification; the rates in the appended Schedule I (per one unit) and Schedule II (per one hundred units) are to be applied for customs valuation and export procedures from the stated commencement date.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for export goods prescribes updated foreign currency conversion rates to govern export valuation procedures.
The Central Government prescribes specific exchange rates for conversion between Indian currency and listed foreign currencies for export goods, superseding the earlier notification; the rates in the appended Schedule I (per one unit) and Schedule II (per one hundred units) are to be applied for customs valuation and export procedures from the stated commencement date.
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