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        Customs

        Exchange rates - 40/89 - Customs - Non Tariff

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        Exchange rate fixation standardises official currency conversion rates for stamp duty and customs purposes across listed currencies. The Central Government prescribes official conversion rates for specified foreign currencies for calculating stamp duty and for Section 14 of the Customs Act, 1962, superseding an earlier notification and fixing a schedule of currency equivalents to be applied from the commencement date stated in the 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 fixation standardises official currency conversion rates for stamp duty and customs purposes across listed currencies.

                                The Central Government prescribes official conversion rates for specified foreign currencies for calculating stamp duty and for Section 14 of the Customs Act, 1962, superseding an earlier notification and fixing a schedule of currency equivalents to be applied from the commencement date stated in the notification.


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