Exchange rate declaration sets new conversion rates governing stamp duty and customs valuation for imported goods. Prescribes the rate of exchange for listed foreign currencies for calculating stamp duty under the Indian Stamp Act, 1899 and for determinations under section 14 of the Customs Act, 1962 in relation to imported goods; supersedes the earlier notification and makes the conversion rates in the appended Schedule I (per one unit) and Schedule II (per 100 units) the authoritative rates for conversions into Indian currency and vice versa from the stated commencement 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 declaration sets new conversion rates governing stamp duty and customs valuation for imported goods.
Prescribes the rate of exchange for listed foreign currencies for calculating stamp duty under the Indian Stamp Act, 1899 and for determinations under section 14 of the Customs Act, 1962 in relation to imported goods; supersedes the earlier notification and makes the conversion rates in the appended Schedule I (per one unit) and Schedule II (per 100 units) the authoritative rates for conversions into Indian currency and vice versa from the stated commencement date.
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