Exchange rate determination fixes foreign to rupee conversion rates for export goods under Customs Act notification effective thereafter. The Central Government, exercising powers under the Customs Act, determines specific foreign to rupee conversion rates for export goods and supersedes a prior notification; rates are set in Schedule I (per one unit) and Schedule II (per 100 units) and apply to conversions into Indian currency or vice versa from the stated effective date for 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 fixes foreign to rupee conversion rates for export goods under Customs Act notification effective thereafter.
The Central Government, exercising powers under the Customs Act, determines specific foreign to rupee conversion rates for export goods and supersedes a prior notification; rates are set in Schedule I (per one unit) and Schedule II (per 100 units) and apply to conversions into Indian currency or vice versa from the stated effective date for customs purposes.
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