Exchange rate schedule prescribed for stamp duty and customs valuation, updating conversion rates for imported goods. The Central Government prescribes exchange rates for specified foreign currencies to be used in converting into Indian currency and vice versa for calculating stamp duty and for purposes of the Customs Act insofar as they relate to imported goods; the rates are set out in two schedules (per one unit and per one hundred units) and supersede the earlier notification, taking effect from the stated effective date.
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 schedule prescribed for stamp duty and customs valuation, updating conversion rates for imported goods.
The Central Government prescribes exchange rates for specified foreign currencies to be used in converting into Indian currency and vice versa for calculating stamp duty and for purposes of the Customs Act insofar as they relate to imported goods; the rates are set out in two schedules (per one unit and per one hundred units) and supersede the earlier notification, taking effect from the stated effective date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
