Exchange rate determination for export goods: government fixes prescribed conversion rates effective from the stated date. The Central Government, invoking statutory power, prescribes the rate of exchange for specified foreign currencies for the purposes of Customs in relation to export goods, superseding the earlier notification and making the rates in the appended Schedule I (per one unit) and Schedule II (per 100 units) operative from 1 May 1994 as the conversion standard for export-related customs procedures.
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: government fixes prescribed conversion rates effective from the stated date.
The Central Government, invoking statutory power, prescribes the rate of exchange for specified foreign currencies for the purposes of Customs in relation to export goods, superseding the earlier notification and making the rates in the appended Schedule I (per one unit) and Schedule II (per 100 units) operative from 1 May 1994 as the conversion standard for export-related customs procedures.
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