Exchange rate determination sets statutory conversion rates for export goods under the Customs Act, governing currency conversion into Indian rupees. Determines exchange rates for conversion of specified foreign currencies into Indian rupees and vice versa for export goods under the Customs Act, 1962, effective from 1st April, 1994, superseding the earlier notification. Rates are set out in two schedules: Schedule I (rupees per one unit) and Schedule II (rupees per 100 units), listing the covered currencies and corresponding conversion rates to be applied for customs purposes.
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 sets statutory conversion rates for export goods under the Customs Act, governing currency conversion into Indian rupees.
Determines exchange rates for conversion of specified foreign currencies into Indian rupees and vice versa for export goods under the Customs Act, 1962, effective from 1st April, 1994, superseding the earlier notification. Rates are set out in two schedules: Schedule I (rupees per one unit) and Schedule II (rupees per 100 units), listing the covered currencies and corresponding conversion rates to be applied for customs purposes.
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