Exchange rate determination for export goods sets prescribed conversion rates for listed foreign currencies, effective immediately. The Central Government, under the Customs Act, prescribes rates of exchange for conversion between specified foreign currencies and Indian currency for export goods, effective from the notification date. A schedule to the notification lists named foreign currencies with corresponding equivalents to be used as the operative conversion rates for export transactions.
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 prescribed conversion rates for listed foreign currencies, effective immediately.
The Central Government, under the Customs Act, prescribes rates of exchange for conversion between specified foreign currencies and Indian currency for export goods, effective from the notification date. A schedule to the notification lists named foreign currencies with corresponding equivalents to be used as the operative conversion rates for export transactions.
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