Exchange rate determination for imported goods: prescribed currency conversion rates now govern stamp duty and customs conversions. Prescribes fixed conversion rates for specified foreign currencies to be used for calculating stamp duty under the Indian Stamp Act and for purposes of section 14 of the Customs Act in relation to imported goods; the rates set out in Schedule I and Schedule II are declared operative for conversion into Indian rupees or vice versa from the notified commencement date, and the notification supersedes 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: prescribed currency conversion rates now govern stamp duty and customs conversions.
Prescribes fixed conversion rates for specified foreign currencies to be used for calculating stamp duty under the Indian Stamp Act and for purposes of section 14 of the Customs Act in relation to imported goods; the rates set out in Schedule I and Schedule II are declared operative for conversion into Indian rupees or vice versa from the notified commencement date, and the notification supersedes the earlier notification.
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