Exchange rate determination prescribes conversion rates for stamp duty and customs valuation on imported goods. Prescribes specified foreign currency conversion rates for computing stamp duty under the Indian Stamp Act, 1899 and for determinations under section 14 of the Customs Act, 1962 in relation to imported goods; fixes the rate at which each currency listed in Schedule I and Schedule II shall be converted into Indian currency or vice versa and supersedes the earlier notification for application to the stated statutory purposes.
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 prescribes conversion rates for stamp duty and customs valuation on imported goods.
Prescribes specified foreign currency conversion rates for computing stamp duty under the Indian Stamp Act, 1899 and for determinations under section 14 of the Customs Act, 1962 in relation to imported goods; fixes the rate at which each currency listed in Schedule I and Schedule II shall be converted into Indian currency or vice versa and supersedes the earlier notification for application to the stated statutory purposes.
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