Exchange rate determination for imported goods prescribes specified currency conversion rates affecting stamp duty and customs valuation. Prescribes exchange rates for specified foreign currencies to be used for converting into Indian currency and vice versa for calculating stamp duty under the Indian Stamp Act, 1899 and for determinations under section 14 of the Customs Act, 1962 in relation to imported goods; a Schedule lists the operative foreign currency equivalents to Rs. 100, and the rates are effective from 3 March 1993, 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 imported goods prescribes specified currency conversion rates affecting stamp duty and customs valuation.
Prescribes exchange rates for specified foreign currencies to be used for converting into Indian currency and vice versa for calculating stamp duty under the Indian Stamp Act, 1899 and for determinations under section 14 of the Customs Act, 1962 in relation to imported goods; a Schedule lists the operative foreign currency equivalents to Rs. 100, and the rates are effective from 3 March 1993, superseding the prior notification.
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 
