Exchange Rate Determination sets official foreign currency conversion rates for stamp duty and customs valuation. Prescribes official conversion rates for specified foreign currencies to be used in calculating stamp duty under the Indian Stamp Act and for purposes of section 14 of the Customs Act; the notification supersedes an earlier notification and sets the operative exchange rates in the Schedule for application by revenue authorities and taxpayers.
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 sets official foreign currency conversion rates for stamp duty and customs valuation.
Prescribes official conversion rates for specified foreign currencies to be used in calculating stamp duty under the Indian Stamp Act and for purposes of section 14 of the Customs Act; the notification supersedes an earlier notification and sets the operative exchange rates in the Schedule for application by revenue authorities and taxpayers.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.