Exchange Rate Determination: Russian Rouble conversion rate fixed for customs under Section 14, effective from late December. The Central Government, under Section 14 of the Customs Act, 1962, determines the official rate of exchange for conversion of one Russian Rouble into Indian currency for customs purposes and supersedes the prior notification; the notification fixes the rupee equivalent of one Russian Rouble as the applicable customs exchange rate and makes that rate effective from the specified date.
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: Russian Rouble conversion rate fixed for customs under Section 14, effective from late December.
The Central Government, under Section 14 of the Customs Act, 1962, determines the official rate of exchange for conversion of one Russian Rouble into Indian currency for customs purposes and supersedes the prior notification; the notification fixes the rupee equivalent of one Russian Rouble as the applicable customs exchange rate and makes that rate effective from the specified date.
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