Exchange rate determination for export goods fixes prescribed currency conversion rates effective from the stated commencement date. The Central Government, under section 14(3)(a)(i) of the Customs Act, 1962, prescribes fixed exchange rates for specified foreign currencies for the conversion into Indian currency for export goods, superseding the prior notification; the prescribed rates in the Schedule are effective from 1 February 1993 and are to be used for export-related conversion purposes.
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 export goods fixes prescribed currency conversion rates effective from the stated commencement date.
The Central Government, under section 14(3)(a)(i) of the Customs Act, 1962, prescribes fixed exchange rates for specified foreign currencies for the conversion into Indian currency for export goods, superseding the prior notification; the prescribed rates in the Schedule are effective from 1 February 1993 and are to be used for export-related conversion purposes.
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