Exchange rate determination for imported goods establishes official currency conversion rates for stamp duty and customs purposes. Prescribes rates of exchange for specified foreign currencies to be used in calculating stamp duty under the Indian Stamp Act and for determinations under the Customs Act in relation to imported goods, effective from the notified commencement date; the notification supersedes the earlier notification and provides an official schedule of currency-to-Indian-currency conversion equivalents to be used for customs and stamp duty computations.
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 establishes official currency conversion rates for stamp duty and customs purposes.
Prescribes rates of exchange for specified foreign currencies to be used in calculating stamp duty under the Indian Stamp Act and for determinations under the Customs Act in relation to imported goods, effective from the notified commencement date; the notification supersedes the earlier notification and provides an official schedule of currency-to-Indian-currency conversion equivalents to be used for customs and stamp duty computations.
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