Exchange rate determination for imported goods: prescribed foreign currency rates govern stamp duty and customs valuation effective October The Central Government prescribes rates of exchange for conversion between specified foreign currencies and Indian rupees for calculating stamp duty and for customs valuation of imported goods, superseding the earlier notification; the rates set out in Schedule I and Schedule II shall apply from the stated commencement date and constitute the operative conversion factors for stamp duty computation and customs valuation.
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 for imported goods: prescribed foreign currency rates govern stamp duty and customs valuation effective October
The Central Government prescribes rates of exchange for conversion between specified foreign currencies and Indian rupees for calculating stamp duty and for customs valuation of imported goods, superseding the earlier notification; the rates set out in Schedule I and Schedule II shall apply from the stated commencement date and constitute the operative conversion factors for stamp duty computation and customs valuation.
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