Exchange rate determination prescribes conversion rates for specified foreign currencies for customs and stamp duty purposes. Prescribes conversion rates for specified foreign currencies for calculating stamp duty under the Indian Stamp Act, 1899 and determining values for imported goods under the Customs Act, 1962; fixes the rate of exchange for each currency listed in Schedules I and II for conversion into Indian rupees and vice versa, to take effect from 1 April 1995 and superseding the earlier notification.
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 specified foreign currencies for customs and stamp duty purposes.
Prescribes conversion rates for specified foreign currencies for calculating stamp duty under the Indian Stamp Act, 1899 and determining values for imported goods under the Customs Act, 1962; fixes the rate of exchange for each currency listed in Schedules I and II for conversion into Indian rupees and vice versa, to take effect from 1 April 1995 and superseding the earlier notification.
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