Exchange rate determination: notified currency conversion rates to standardise stamp duty and customs calculations effective September. The Central Government notifies a Schedule prescribing the rate of conversion of each listed foreign currency into Indian currency and vice versa, effective 1st September 1991, for the purposes of calculating stamp duty and for Section 14 of the Customs Act; the Schedule lists each foreign currency and its equivalent rate to be applied for statutory conversions and supersedes the earlier notification.
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: notified currency conversion rates to standardise stamp duty and customs calculations effective September.
The Central Government notifies a Schedule prescribing the rate of conversion of each listed foreign currency into Indian currency and vice versa, effective 1st September 1991, for the purposes of calculating stamp duty and for Section 14 of the Customs Act; the Schedule lists each foreign currency and its equivalent rate to be applied for statutory conversions and supersedes the earlier notification.
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