Exchange rate determination for export goods sets official currency conversion rates for customs valuation and export procedures. The Central Government determines official rates of exchange for conversion between specified foreign currencies and Indian rupees for export goods, superseding a prior notification, and fixing rates effective from 1 April 1995. Schedule I provides rupee equivalents per one unit of listed currencies and Schedule II provides rupee equivalents per one hundred units for certain currencies; those rates are the authoritative conversion factors for export-related customs 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 for export goods sets official currency conversion rates for customs valuation and export procedures.
The Central Government determines official rates of exchange for conversion between specified foreign currencies and Indian rupees for export goods, superseding a prior notification, and fixing rates effective from 1 April 1995. Schedule I provides rupee equivalents per one unit of listed currencies and Schedule II provides rupee equivalents per one hundred units for certain currencies; those rates are the authoritative conversion factors for export-related customs purposes.
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