Exchange rate determination for export goods establishes official conversion rates for listed foreign currencies and supersedes prior notification. The Central Government, under the Customs Act, determines official exchange rates for conversion between specified foreign currencies and Indian currency for purposes of export goods, superseding the prior notification; Schedule I lists per unit rates for listed currencies and Schedule II lists rates per one hundred units for specified currencies, thereby establishing the official conversion figures to be used in customs procedures and export-related calculations.
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 establishes official conversion rates for listed foreign currencies and supersedes prior notification.
The Central Government, under the Customs Act, determines official exchange rates for conversion between specified foreign currencies and Indian currency for purposes of export goods, superseding the prior notification; Schedule I lists per unit rates for listed currencies and Schedule II lists rates per one hundred units for specified currencies, thereby establishing the official conversion figures to be used in customs procedures and export-related calculations.
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