Exchange Rate Determination: Government prescribes currency conversion rates for stamp duty and customs on imported goods. The Central Government prescribes fixed rates of exchange for specified foreign currencies for calculating stamp duty under the Indian Stamp Act and for determining rates under section 14 of the Customs Act in relation to imported goods, effective from the stated operative date, and provides a Schedule showing each foreign currency's amount equivalent to Rs. 100.
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: Government prescribes currency conversion rates for stamp duty and customs on imported goods.
The Central Government prescribes fixed rates of exchange for specified foreign currencies for calculating stamp duty under the Indian Stamp Act and for determining rates under section 14 of the Customs Act in relation to imported goods, effective from the stated operative date, and provides a Schedule showing each foreign currency's amount equivalent to Rs. 100.
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