Exchange rate amendment updates notified foreign currency valuation affecting customs and stamp duty calculations under enabling statutes. Amendment substitutes the Serial No. 10 schedule entry in Notification No. 80/90-NT-Cus., revising the notified exchange rate for the Italian lire; made under section 20(2) of the Indian Stamp Act, 1899 and sub-clause (i) of clause (a) of section 14(3) of the Customs Act, 1962, it limits its effect to replacing the existing schedule entry with the new exchange-rate specification for customs valuation and related statutory reference.
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Exchange rate amendment updates notified foreign currency valuation affecting customs and stamp duty calculations under enabling statutes.
Amendment substitutes the Serial No. 10 schedule entry in Notification No. 80/90-NT-Cus., revising the notified exchange rate for the Italian lire; made under section 20(2) of the Indian Stamp Act, 1899 and sub-clause (i) of clause (a) of section 14(3) of the Customs Act, 1962, it limits its effect to replacing the existing schedule entry with the new exchange-rate specification for customs valuation and related statutory reference.
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