Exchange rate determination for Russian rouble set under customs law, affecting currency conversion for customs valuation and procedures. The Central Government, invoking sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962, prescribes for purposes of section 24 that the rate of exchange for one Russian rouble into Indian currency is rupees 22.7855, expressly superseding the earlier Ministry of Finance notification and specifying the date from which this rate takes effect for customs valuation and statutory conversions.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for Russian rouble set under customs law, affecting currency conversion for customs valuation and procedures.
The Central Government, invoking sub-clause (i) of clause (a) of sub-section (3) of section 14 of the Customs Act, 1962, prescribes for purposes of section 24 that the rate of exchange for one Russian rouble into Indian currency is rupees 22.7855, expressly superseding the earlier Ministry of Finance notification and specifying the date from which this rate takes effect for customs valuation and statutory conversions.
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