Exchange rate determination for imported goods prescribes official currency conversion rates for stamp duty and customs calculation. The Central Government prescribes exchange rates listed in Schedule I and Schedule II for conversion between specified foreign currencies and Indian rupees, effective 1 January 1997, for calculating stamp duty under the Indian Stamp Act, 1899 and for the purposes of section 14 of the Customs Act, 1962 insofar as those provisions relate to imported goods, superseding the earlier notification.
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 for imported goods prescribes official currency conversion rates for stamp duty and customs calculation.
The Central Government prescribes exchange rates listed in Schedule I and Schedule II for conversion between specified foreign currencies and Indian rupees, effective 1 January 1997, for calculating stamp duty under the Indian Stamp Act, 1899 and for the purposes of section 14 of the Customs Act, 1962 insofar as those provisions relate to imported goods, superseding the earlier notification.
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