Exchange rate determination for export goods set by notification under Customs Act, prescribing listed currency conversions for use. The Central Government, under section 14(3)(a)(i) of the Customs Act, issues a notification prescribing fixed conversion rates for specified foreign currencies into Indian currency for export-related purposes. The notification includes a Schedule listing each foreign currency and its corresponding rate, and states an effective commencement date for application of those rates to customs export transactions.
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 set by notification under Customs Act, prescribing listed currency conversions for use.
The Central Government, under section 14(3)(a)(i) of the Customs Act, issues a notification prescribing fixed conversion rates for specified foreign currencies into Indian currency for export-related purposes. The notification includes a Schedule listing each foreign currency and its corresponding rate, and states an effective commencement date for application of those rates to customs export transactions.
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