Exchange rate determination for export goods establishes prescribed currency-to-rupee conversion rates effective from the notified commencement date. The Central Government, exercising powers under the Customs Act, determines rates of conversion between specified foreign currencies and Indian rupees for export goods, superseding the prior notification, and directs that the rates set out in Schedules I and II shall apply from the stated commencement date as the operative benchmarks for conversions of the listed currencies.
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 establishes prescribed currency-to-rupee conversion rates effective from the notified commencement date.
The Central Government, exercising powers under the Customs Act, determines rates of conversion between specified foreign currencies and Indian rupees for export goods, superseding the prior notification, and directs that the rates set out in Schedules I and II shall apply from the stated commencement date as the operative benchmarks for conversions of the listed currencies.
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