Exchange Rate Determination for export goods fixes specified currency conversion rates to apply for customs valuation. Determination of exchange rates for export goods under the Customs Act, 1962 prescribes specific rupee equivalents for listed foreign currencies in two schedules (one giving values per unit, the other per one hundred units), superseding a prior notification; those rates are declared effective from the first day of March, 1995 and apply to conversions between foreign currency and Indian rupees 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 fixes specified currency conversion rates to apply for customs valuation.
Determination of exchange rates for export goods under the Customs Act, 1962 prescribes specific rupee equivalents for listed foreign currencies in two schedules (one giving values per unit, the other per one hundred units), superseding a prior notification; those rates are declared effective from the first day of March, 1995 and apply to conversions between foreign currency and Indian rupees for export-related customs purposes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
