Exchange rate determination for export goods fixes official foreign currency conversion rates under the Customs Act. The Central Government, under the Customs Act, determines official exchange rates for specified foreign currencies for export goods, superseding the earlier notification of 27 August 1996 and applying with effect from 1 October 1996; two appended schedules set per unit and per 100 unit rupee equivalents for listed currencies to be used for export valuation and related customs procedures.
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 export goods fixes official foreign currency conversion rates under the Customs Act.
The Central Government, under the Customs Act, determines official exchange rates for specified foreign currencies for export goods, superseding the earlier notification of 27 August 1996 and applying with effect from 1 October 1996; two appended schedules set per unit and per 100 unit rupee equivalents for listed currencies to be used for export valuation and related customs procedures.
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