Exchange Rate Determination: fixes conversion rates for specified foreign currencies for customs and stamp duty purposes. Prescribes exchange rates for conversion between specified foreign currencies and Indian rupees for purposes of the Indian Stamp Act and the Customs Act, superseding the prior notification and making the listed rates operative from the stated commencement date. Two schedules are appended: Schedule I gives rates per one unit of foreign currency and Schedule II gives rates per one hundred units, to be applied for stamp duty calculation and for section 14 Customs Act determinations relating to 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 Determination: fixes conversion rates for specified foreign currencies for customs and stamp duty purposes.
Prescribes exchange rates for conversion between specified foreign currencies and Indian rupees for purposes of the Indian Stamp Act and the Customs Act, superseding the prior notification and making the listed rates operative from the stated commencement date. Two schedules are appended: Schedule I gives rates per one unit of foreign currency and Schedule II gives rates per one hundred units, to be applied for stamp duty calculation and for section 14 Customs Act determinations relating to 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 
