Exchange rate determination: prescribed currency conversion rates govern customs valuation and stamp duty calculation from the stated effective date. Prescribes the rate of exchange to be applied for converting specified foreign currencies into Indian currency for calculating stamp duty and for section 14 of the Customs Act in relation to imported goods, superseding an earlier notification and taking effect from 1 July, 2001; Schedule I lists per-unit rates for specified currencies and Schedule II lists rates for one hundred units of specified currencies.
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: prescribed currency conversion rates govern customs valuation and stamp duty calculation from the stated effective date.
Prescribes the rate of exchange to be applied for converting specified foreign currencies into Indian currency for calculating stamp duty and for section 14 of the Customs Act in relation to imported goods, superseding an earlier notification and taking effect from 1 July, 2001; Schedule I lists per-unit rates for specified currencies and Schedule II lists rates for one hundred units of specified currencies.
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