Exchange rate determination for imported goods governs stamp duty and customs conversion, with specified official rates effective from specified date. Central Government prescribes rates of exchange for specified foreign currencies for computing stamp duty and for section 14 of the Customs Act in relation to imported goods, superseding a prior notification; the official conversion rates for each listed currency, set out in the Schedule as the amount equivalent to Rs. 100, are declared operative from the stated effective date for stamp duty calculation and customs conversion.
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 imported goods governs stamp duty and customs conversion, with specified official rates effective from specified date.
Central Government prescribes rates of exchange for specified foreign currencies for computing stamp duty and for section 14 of the Customs Act in relation to imported goods, superseding a prior notification; the official conversion rates for each listed currency, set out in the Schedule as the amount equivalent to Rs. 100, are declared operative from the stated effective date for stamp duty calculation and customs conversion.
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