Exchange rate determination for export goods: notified conversion rates for specified foreign currencies govern customs conversion. The Central Government notifies specific conversion rates for a listed set of foreign currencies into Indian currency and vice versa for purposes of the Customs Act, applicable to export goods, specifying the exchange equivalent of each listed foreign currency to Rs. 100 and declaring that these rates operate from the stated commencement date while superseding the prior notification.
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: notified conversion rates for specified foreign currencies govern customs conversion.
The Central Government notifies specific conversion rates for a listed set of foreign currencies into Indian currency and vice versa for purposes of the Customs Act, applicable to export goods, specifying the exchange equivalent of each listed foreign currency to Rs. 100 and declaring that these rates operate from the stated commencement date while superseding the prior notification.
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