Exchange rate determination for imported goods prescribes conversion rates into Indian currency for customs and stamp duty. The notification prescribes official exchange rates for specified foreign currencies to be used for converting into Indian currency (and vice versa) for the purpose of calculating stamp duty under the Indian Stamp Act and for section 14 of the Customs Act insofar as they relate to imported goods, and it supersedes the prior notification by providing a Schedule of fixed conversion rates effective as stated therein.
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 prescribes conversion rates into Indian currency for customs and stamp duty.
The notification prescribes official exchange rates for specified foreign currencies to be used for converting into Indian currency (and vice versa) for the purpose of calculating stamp duty under the Indian Stamp Act and for section 14 of the Customs Act insofar as they relate to imported goods, and it supersedes the prior notification by providing a Schedule of fixed conversion rates effective as stated therein.
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