Exchange rates for imported goods prescribed as official conversion rates for customs and stamp duty purposes nationwide. The Central Government prescribes official exchange rates for specified foreign currencies to be used for calculating stamp duty under the Indian Stamp Act, 1899 and for section 14 purposes of the Customs Act, 1962 insofar as they relate to imported goods; the notification supersedes an earlier notification and directs that, from the notified commencement date, the rate for each currency shall be the figure shown opposite it in the schedule.
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 rates for imported goods prescribed as official conversion rates for customs and stamp duty purposes nationwide.
The Central Government prescribes official exchange rates for specified foreign currencies to be used for calculating stamp duty under the Indian Stamp Act, 1899 and for section 14 purposes of the Customs Act, 1962 insofar as they relate to imported goods; the notification supersedes an earlier notification and directs that, from the notified commencement date, the rate for each currency shall be the figure shown opposite it in the schedule.
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