Exchange rate determination sets prescribed conversion rates for foreign currencies for stamp duty and customs valuation purposes. Central Government prescribes fixed exchange rates for specified foreign currencies to be used for calculating stamp duty under the Indian Stamp Act, 1899 and for determinations under Section 14 of the Customs Act, 1962, superseding the prior notification; a Schedule lists each named currency with its rate expressed as the foreign-currency amount equivalent to Rs.100 for use in stamp duty and customs valuation.
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 prescribed conversion rates for foreign currencies for stamp duty and customs valuation purposes.
Central Government prescribes fixed exchange rates for specified foreign currencies to be used for calculating stamp duty under the Indian Stamp Act, 1899 and for determinations under Section 14 of the Customs Act, 1962, superseding the prior notification; a Schedule lists each named currency with its rate expressed as the foreign-currency amount equivalent to Rs.100 for use in stamp duty and customs valuation.
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