Exchange rate determination for calculating stamp duty and customs valuation specified by central government in notification. Central Government prescribes the rate of exchange for specified foreign currencies for converting into Indian currency and vice versa 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; the notification supersedes the earlier notification and fixes the rates set out in Schedule I (per unit) and Schedule II (per 100 units) to be effective from the stated commencement date.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for calculating stamp duty and customs valuation specified by central government in notification.
Central Government prescribes the rate of exchange for specified foreign currencies for converting into Indian currency and vice versa 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; the notification supersedes the earlier notification and fixes the rates set out in Schedule I (per unit) and Schedule II (per 100 units) to be effective from the stated commencement date.
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