Exchange Rate Amendment updates Deutsche Mark rate for customs valuation and governs its effective application to imports. An amendment substitutes the Schedule entry for the Deutsche Mark to set a new exchange rate for customs purposes, enacted under powers conferred by the Indian Stamp Act and the Customs Act, and specifies the commencement of the revised rate on a prescribed effective date.
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 Amendment updates Deutsche Mark rate for customs valuation and governs its effective application to imports.
An amendment substitutes the Schedule entry for the Deutsche Mark to set a new exchange rate for customs purposes, enacted under powers conferred by the Indian Stamp Act and the Customs Act, and specifies the commencement of the revised rate on a prescribed effective date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.