Exchange Rate Determination: conversion rates for specified foreign currencies for export goods set effective from May first, two thousand one. The Central Government, under the Customs Act authority, determines definitive exchange rates for conversion between Indian currency and specified foreign currencies for export goods, superseding the prior notification. Two schedules set out the operative rates: Schedule I lists rates per one unit of specified currencies and Schedule II lists rates per one hundred units; these rates are prescribed for use in customs-related export valuation and compliance.
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Exchange Rate Determination: conversion rates for specified foreign currencies for export goods set effective from May first, two thousand one.
The Central Government, under the Customs Act authority, determines definitive exchange rates for conversion between Indian currency and specified foreign currencies for export goods, superseding the prior notification. Two schedules set out the operative rates: Schedule I lists rates per one unit of specified currencies and Schedule II lists rates per one hundred units; these rates are prescribed for use in customs-related export valuation and compliance.
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