Exchange rate determination set for imported goods, establishing conversion rates for stamp duty and customs valuation. The notification prescribes exchange rates for specified foreign currencies for calculating stamp duty under the Indian Stamp Act, 1899 and for determinations under section 14 of the Customs Act, 1962 in relation to imported goods; it supersedes a prior notification and fixes the conversion rates by schedules to be applied for valuation and stamp-duty calculations.
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 set for imported goods, establishing conversion rates for stamp duty and customs valuation.
The notification prescribes exchange rates for specified foreign currencies for calculating stamp duty under the Indian Stamp Act, 1899 and for determinations under section 14 of the Customs Act, 1962 in relation to imported goods; it supersedes a prior notification and fixes the conversion rates by schedules to be applied for valuation and stamp-duty calculations.
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 
