Exchange rate determination for import valuation and stamp duty prescribed, setting conversion rates for foreign currencies. Prescribes exchange rates for conversion between specified foreign currencies and Indian rupees for calculating stamp duty under the Indian Stamp Act, 1899 and for determining values under section 14 of the Customs Act, 1962 in respect of imported goods, superseding Notification No. 51/96 N.T. Customs, and notifying rates in Schedule I (per one unit) and Schedule II (per one hundred units) to operate with effect from the 1st day of December, 1996.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for import valuation and stamp duty prescribed, setting conversion rates for foreign currencies.
Prescribes exchange rates for conversion between specified foreign currencies and Indian rupees for calculating stamp duty under the Indian Stamp Act, 1899 and for determining values under section 14 of the Customs Act, 1962 in respect of imported goods, superseding Notification No. 51/96 N.T. Customs, and notifying rates in Schedule I (per one unit) and Schedule II (per one hundred units) to operate with effect from the 1st day of December, 1996.
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