Exchange rate determination for imported goods prescribed, affecting customs valuation and stamp duty calculations from notified schedule. Prescribes fixed exchange rates for conversion between specified foreign currencies and Indian rupees for calculating stamp duty and for customs determinations relating to imported goods, invoking statutory authority under the Indian Stamp Act and the Customs Act and superseding the prior notification; two appended schedules set the per-unit and per-100-unit rates to be used for those regulatory conversion 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 imported goods prescribed, affecting customs valuation and stamp duty calculations from notified schedule.
Prescribes fixed exchange rates for conversion between specified foreign currencies and Indian rupees for calculating stamp duty and for customs determinations relating to imported goods, invoking statutory authority under the Indian Stamp Act and the Customs Act and superseding the prior notification; two appended schedules set the per-unit and per-100-unit rates to be used for those regulatory conversion purposes.
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