Exchange rate determination for export goods prescribes conversion rates to be applied under customs law for export valuation. The Central Government, under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, prescribes the rate of exchange for conversion of specified foreign currencies into Indian currency for export goods; the annexed Schedule lists each foreign currency and the amount equivalent to Rs. 100 to be used in customs conversions with prospective effect from the notified commencement date.
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 prescribes conversion rates to be applied under customs law for export valuation.
The Central Government, under sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, prescribes the rate of exchange for conversion of specified foreign currencies into Indian currency for export goods; the annexed Schedule lists each foreign currency and the amount equivalent to Rs. 100 to be used in customs conversions with prospective effect from the notified commencement date.
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