Exchange rate determination for export goods sets official conversion rates, superseding prior notification and governing customs valuation. The central government fixes official exchange rate conversions for specified foreign currencies for customs purposes relating to export goods, superseding a prior notification; rates in Schedule I (per one unit) and Schedule II (per 100 units) are prescribed for use in export-related customs valuation and processing from the stated 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 conversion rates, superseding prior notification and governing customs valuation.
The central government fixes official exchange rate conversions for specified foreign currencies for customs purposes relating to export goods, superseding a prior notification; rates in Schedule I (per one unit) and Schedule II (per 100 units) are prescribed for use in export-related customs valuation and processing from the stated effective date.
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