Exchange Rate Determination for export goods establishes specified currency conversion rates under Customs Act, superseding prior notification. The Central Government prescribes specific exchange rates for conversion between listed foreign currencies and Indian rupees for export goods, superseding the earlier notification. The instrument contains two operative schedules: Schedule I lists rates per one unit of specified currencies and Schedule II lists rates per one hundred units, which shall be applied for export-related currency conversion under the Customs Act.
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Provisions expressly mentioned in the judgment/order text.
Exchange Rate Determination for export goods establishes specified currency conversion rates under Customs Act, superseding prior notification.
The Central Government prescribes specific exchange rates for conversion between listed foreign currencies and Indian rupees for export goods, superseding the earlier notification. The instrument contains two operative schedules: Schedule I lists rates per one unit of specified currencies and Schedule II lists rates per one hundred units, which shall be applied for export-related currency conversion under the Customs Act.
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