Exchange rate determination for export goods under Customs Act sets prescribed foreign currency conversion rates effective from notification. The Central Government, under section 14(3)(a)(i) of the Customs Act, fixes prescribed rates of exchange for specified foreign currencies for the purposes of export goods, superseding an earlier notification, and makes those currency conversion rates effective from the stated commencement date as set out in the Schedule.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for export goods under Customs Act sets prescribed foreign currency conversion rates effective from notification.
The Central Government, under section 14(3)(a)(i) of the Customs Act, fixes prescribed rates of exchange for specified foreign currencies for the purposes of export goods, superseding an earlier notification, and makes those currency conversion rates effective from the stated commencement date as set out in the Schedule.
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