Exchange rate amendment for imported goods revises specified foreign currency conversion rates under customs notification. Amendment to customs notification substitutes entries in Schedule I for serial Nos. 8, 12 and 15, replacing the conversion rates for Hong Kong Dollar, Swedish Kroner and Singapore Dollar; the Central Government, under statutory powers, fixes the revised rates and declares them effective from the specified date for valuation of imported goods.
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 amendment for imported goods revises specified foreign currency conversion rates under customs notification.
Amendment to customs notification substitutes entries in Schedule I for serial Nos. 8, 12 and 15, replacing the conversion rates for Hong Kong Dollar, Swedish Kroner and Singapore Dollar; the Central Government, under statutory powers, fixes the revised rates and declares them effective from the specified date for valuation of imported goods.
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 
