Exchange rate determination for export goods under the Customs Act fixes official currency conversion rates for export compliance. Determination of exchange rates for conversion of specified foreign currencies into Indian currency for export goods under the Customs Act, 1962. The Central Government prescribes the rate of exchange for each listed foreign currency, effective from the 1st day of April, 1992, and provides a schedule listing each currency and its equivalent amount expressed as the quantity of that currency equal to one hundred rupees for use in export-related customs conversions and documentation.
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 under the Customs Act fixes official currency conversion rates for export compliance.
Determination of exchange rates for conversion of specified foreign currencies into Indian currency for export goods under the Customs Act, 1962. The Central Government prescribes the rate of exchange for each listed foreign currency, effective from the 1st day of April, 1992, and provides a schedule listing each currency and its equivalent amount expressed as the quantity of that currency equal to one hundred rupees for use in export-related customs conversions and documentation.
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