Exchange rate determination for export goods: prescribed schedule governs currency conversion for customs and export compliance. The Central Government, under the Customs Act, prescribes a Schedule of foreign currencies and corresponding conversion rates to be applied for export goods; the notification supersedes a prior notification and establishes Schedule based exchange rates as the operative conversion mechanism for customs valuation and export compliance from the stated effective date.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for export goods: prescribed schedule governs currency conversion for customs and export compliance.
The Central Government, under the Customs Act, prescribes a Schedule of foreign currencies and corresponding conversion rates to be applied for export goods; the notification supersedes a prior notification and establishes Schedule based exchange rates as the operative conversion mechanism for customs valuation and export compliance from the stated effective date.
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