Exchange rate determination for export goods sets prescribed foreign currency conversion rates for customs valuation and clearance, effective prospectively. The Central Government fixes prescribed conversion rates between specified foreign currencies and Indian currency for purposes of customs treatment of export goods, declaring an effective date for those rates and publishing an operative Schedule listing each foreign currency alongside its corresponding rate to be applied in export-related customs conversions.
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 sets prescribed foreign currency conversion rates for customs valuation and clearance, effective prospectively.
The Central Government fixes prescribed conversion rates between specified foreign currencies and Indian currency for purposes of customs treatment of export goods, declaring an effective date for those rates and publishing an operative Schedule listing each foreign currency alongside its corresponding rate to be applied in export-related customs conversions.
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