Exchange rate determination sets official conversion rates for foreign currencies for stamp duty and customs purposes, effective from notified date. Prescribes official conversion rates for specified foreign currencies to be used in calculating stamp duty and for customs purposes relating to imported goods, determining the rate of exchange for each listed currency and fixing a binding schedule of conversion entries to be applied for valuation and stamp duty assessment.
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 sets official conversion rates for foreign currencies for stamp duty and customs purposes, effective from notified date.
Prescribes official conversion rates for specified foreign currencies to be used in calculating stamp duty and for customs purposes relating to imported goods, determining the rate of exchange for each listed currency and fixing a binding schedule of conversion entries to be applied for valuation and stamp duty assessment.
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