Exchange rate determination for export goods prescribes foreign-to-Indian currency conversion rates effective from the stated commencement date. The Central Government, under the Customs Act authority, prescribes exchange rates for conversion between specified foreign currencies and Indian rupees for export goods, superseding the prior notification and fixing rates effective from the stated commencement date. Two schedules accompany the notification: Schedule I with per-unit currency rates and Schedule II with rates per 100 units, establishing the conversion benchmarks for export-related customs calculations.
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 export goods prescribes foreign-to-Indian currency conversion rates effective from the stated commencement date.
The Central Government, under the Customs Act authority, prescribes exchange rates for conversion between specified foreign currencies and Indian rupees for export goods, superseding the prior notification and fixing rates effective from the stated commencement date. Two schedules accompany the notification: Schedule I with per-unit currency rates and Schedule II with rates per 100 units, establishing the conversion benchmarks for export-related customs calculations.
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