Exchange rate determination sets prescribed currency conversion rates for export goods under statutory power, superseding prior notice. The Central Government, under powers conferred by section 14(3)(a)(i) of the Customs Act, 1962, prescribes specific rates of exchange for conversion between foreign currencies and Indian rupees for export goods, superseding the earlier notification; two Schedules set unit and per-100-unit rates to be applied for export valuation and related formalities 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 sets prescribed currency conversion rates for export goods under statutory power, superseding prior notice.
The Central Government, under powers conferred by section 14(3)(a)(i) of the Customs Act, 1962, prescribes specific rates of exchange for conversion between foreign currencies and Indian rupees for export goods, superseding the earlier notification; two Schedules set unit and per-100-unit rates to be applied for export valuation and related formalities from the stated effective date.
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