Exchange rate determination prescribes conversion rates governing stamp duty and customs valuation for specified foreign currencies. Prescribes the operative rate of exchange for specified foreign currencies for purposes of calculating stamp duty and determining values of imported goods under the Customs Act, superseding the earlier notification; rates set out in Schedule I (per one unit) and Schedule II (per 100 units) are declared the conversion rates to be used for conversion into Indian rupees and vice versa.
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 prescribes conversion rates governing stamp duty and customs valuation for specified foreign currencies.
Prescribes the operative rate of exchange for specified foreign currencies for purposes of calculating stamp duty and determining values of imported goods under the Customs Act, superseding the earlier notification; rates set out in Schedule I (per one unit) and Schedule II (per 100 units) are declared the conversion rates to be used for conversion into Indian rupees and vice versa.
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