Exchange rate update for imported goods: revised foreign currency rates for customs valuation take effect and govern import declarations. Amendment to the customs notification revises prescribed exchange rates for valuation of imported goods by substituting schedule entries for four specified currencies. The Central Government, under provisions of the Indian Stamp Act and the Customs Act, sets the revised currency conversion rates in the schedule and declares them effective from the stated operative date for application in customs assessment and import documentation.
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Exchange rate update for imported goods: revised foreign currency rates for customs valuation take effect and govern import declarations.
Amendment to the customs notification revises prescribed exchange rates for valuation of imported goods by substituting schedule entries for four specified currencies. The Central Government, under provisions of the Indian Stamp Act and the Customs Act, sets the revised currency conversion rates in the schedule and declares them effective from the stated operative date for application in customs assessment and import documentation.
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