Exchange rate determination fixes conversion rates for export goods under the Customs Act, superseding the prior notification and effective date. The Central Government, under powers conferred by section 14(3)(a)(i) of the Customs Act, prescribes the rate of exchange for conversion between specified foreign currencies and Indian rupees for export goods, superseding the prior notification; rates are set out in Schedule I (per unit) and Schedule II (per 100 units) and apply from the date specified in the notification.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination fixes conversion rates for export goods under the Customs Act, superseding the prior notification and effective date.
The Central Government, under powers conferred by section 14(3)(a)(i) of the Customs Act, prescribes the rate of exchange for conversion between specified foreign currencies and Indian rupees for export goods, superseding the prior notification; rates are set out in Schedule I (per unit) and Schedule II (per 100 units) and apply from the date specified in the notification.
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