Exchange rate determination for export goods: prescribed schedule sets mandatory conversion rates for customs valuation and compliance. The Central Government, under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, prescribes specific exchange rates for listed foreign currencies for purposes of conversion relating to export goods; a schedule lists each currency with the rate equivalent to Rs. 100 and the notification supersedes the earlier notification and takes effect 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: prescribed schedule sets mandatory conversion rates for customs valuation and compliance.
The Central Government, under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, prescribes specific exchange rates for listed foreign currencies for purposes of conversion relating to export goods; a schedule lists each currency with the rate equivalent to Rs. 100 and the notification supersedes the earlier notification and takes effect from the stated effective date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
