Exchange rate determination for export goods sets specified currency-to-rupee conversion rates effective June, under Customs Act authority. The Central Government prescribes, under the Customs Act, specific conversion rates for listed foreign currencies into Indian currency for purposes relating to export goods. These prescribed rates, set out in the Schedule as the foreign currency equivalent to Rs. 100, are effective from 1st June 1992 and operate as the determinative conversion metric for customs and export procedures.
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 specified currency-to-rupee conversion rates effective June, under Customs Act authority.
The Central Government prescribes, under the Customs Act, specific conversion rates for listed foreign currencies into Indian currency for purposes relating to export goods. These prescribed rates, set out in the Schedule as the foreign currency equivalent to Rs. 100, are effective from 1st June 1992 and operate as the determinative conversion metric for customs and export procedures.
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