Exchange rate determination sets official conversion rates for calculating stamp duty and customs valuation on imported goods. Prescribes official foreign to Indian currency conversion rates for purposes of calculating stamp duty and for section 14 of the Customs Act in relation to imported goods, superseding the earlier notification and effective from the first day of March, 1998; operative rates are set out in Schedule I (rate per one unit) and Schedule II (rate per one hundred units) for the listed foreign currencies.
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 sets official conversion rates for calculating stamp duty and customs valuation on imported goods.
Prescribes official foreign to Indian currency conversion rates for purposes of calculating stamp duty and for section 14 of the Customs Act in relation to imported goods, superseding the earlier notification and effective from the first day of March, 1998; operative rates are set out in Schedule I (rate per one unit) and Schedule II (rate per one hundred units) for the listed foreign currencies.
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