Exchange rate determination standardises conversion for stamp duty and customs valuation on imported goods. The Central Government amends a prior notification to prescribe specific exchange rates for listed foreign currencies to be used for calculating stamp duty and for purposes of the Customs Act in relation to imported goods, superseding the earlier notification and setting the rates in two schedules to be effective from the 1st day of May, 1955.
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Exchange rate determination standardises conversion for stamp duty and customs valuation on imported goods.
The Central Government amends a prior notification to prescribe specific exchange rates for listed foreign currencies to be used for calculating stamp duty and for purposes of the Customs Act in relation to imported goods, superseding the earlier notification and setting the rates in two schedules to be effective from the 1st day of May, 1955.
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