Exchange rate determination for imported goods set to govern stamp duty calculation and customs valuation under applicable statutes. The Central Government prescribes fixed rate of exchange conversions for specified foreign currencies for use in calculating stamp duty and for application of section 14 of the Customs Act in relation to imported goods, superseding the earlier notification and listing the applicable rates in Schedule I (per one unit) and Schedule II (per 100 units).
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 set to govern stamp duty calculation and customs valuation under applicable statutes.
The Central Government prescribes fixed rate of exchange conversions for specified foreign currencies for use in calculating stamp duty and for application of section 14 of the Customs Act in relation to imported goods, superseding the earlier notification and listing the applicable rates in Schedule I (per one unit) and Schedule II (per 100 units).
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