Exchange rate determination under the Customs Act fixes conversion terms and supersedes prior notification, effective immediately. The Central Government, under section 14 of the Customs Act, 1962, determines the exchange rate for conversion between the Russian rouble and Indian currency for customs purposes, superseding the prior notification and making the newly determined rate effective from 11 July 1989 for use in customs valuation and related procedures.
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 under the Customs Act fixes conversion terms and supersedes prior notification, effective immediately.
The Central Government, under section 14 of the Customs Act, 1962, determines the exchange rate for conversion between the Russian rouble and Indian currency for customs purposes, superseding the prior notification and making the newly determined rate effective from 11 July 1989 for use in customs valuation and related procedures.
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