Exchange rate determination for export goods sets official currency conversion rates under the Customs Act effective August first. Determines rate of exchange for conversion between specified foreign currencies and Indian rupees for export goods, effective from the first day of August, 1994, exercising statutory power and superseding the prior notification dated June 27, 1994. Operative Schedules set rupee equivalents: Schedule I for one unit of listed currencies and Schedule II for one hundred units of listed currencies, to be applied for customs conversion of export goods from the effective date.
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 sets official currency conversion rates under the Customs Act effective August first.
Determines rate of exchange for conversion between specified foreign currencies and Indian rupees for export goods, effective from the first day of August, 1994, exercising statutory power and superseding the prior notification dated June 27, 1994. Operative Schedules set rupee equivalents: Schedule I for one unit of listed currencies and Schedule II for one hundred units of listed currencies, to be applied for customs conversion of export goods from the effective date.
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