Exchange rate determination: revised export currency conversion rates take effect, superseding prior notification and prescribing new schedules. Determination of exchange rates for export goods under the Customs Act: the Central Government, exercising statutory powers, prescribes the rate of exchange for specified foreign currencies into Indian rupees for export purposes, superseding the earlier notification and setting the applicable conversion rates in two appended schedules (unit rates in Schedule I and 100-unit rates in Schedule II) to be applied from the commencement date stated in the instrument.
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: revised export currency conversion rates take effect, superseding prior notification and prescribing new schedules.
Determination of exchange rates for export goods under the Customs Act: the Central Government, exercising statutory powers, prescribes the rate of exchange for specified foreign currencies into Indian rupees for export purposes, superseding the earlier notification and setting the applicable conversion rates in two appended schedules (unit rates in Schedule I and 100-unit rates in Schedule II) to be applied from the commencement date stated in the instrument.
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