Exchange rates for imported goods set by government, fixing conversion rates for customs valuation and stamp duty. The Central Government fixes exchange rates for specified foreign currencies, effective from 1 October 1994, for calculating stamp duty and for the purposes of section 14 of the Customs Act insofar as they relate to imported goods; Schedule I lists rates per one unit and Schedule II lists rates per 100 units, and this notification supersedes 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 rates for imported goods set by government, fixing conversion rates for customs valuation and stamp duty.
The Central Government fixes exchange rates for specified foreign currencies, effective from 1 October 1994, for calculating stamp duty and for the purposes of section 14 of the Customs Act insofar as they relate to imported goods; Schedule I lists rates per one unit and Schedule II lists rates per 100 units, and this notification supersedes the earlier notification.
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 
