Exchange rate schedule prescribed for import valuation and stamp duty, superseding prior notification and setting official conversion rates. The Central Government prescribes an official exchange rate schedule for conversion of specified foreign currencies into Indian rupees and vice versa for calculating stamp duty under the Indian Stamp Act, 1899 and for application under section 14 of the Customs Act, 1962 in relation to imported goods, superseding the prior notification and listing two schedules with the authoritative rates to be used by customs and revenue officials.
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 schedule prescribed for import valuation and stamp duty, superseding prior notification and setting official conversion rates.
The Central Government prescribes an official exchange rate schedule for conversion of specified foreign currencies into Indian rupees and vice versa for calculating stamp duty under the Indian Stamp Act, 1899 and for application under section 14 of the Customs Act, 1962 in relation to imported goods, superseding the prior notification and listing two schedules with the authoritative rates to be used by customs and revenue officials.
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