Exchange rate determination standardises currency conversion for stamp duty and customs calculations under the notification. The Central Government, exercising statutory powers, prescribes specific exchange rates for conversion between listed foreign currencies and Indian currency for calculating stamp duty and for determinations under the Customs Act, superseding an earlier notification. The attached Schedule fixes, for each listed currency, the amount of that foreign currency equivalent to Rs. 100, to be applied from the stated effective date for the purposes specified 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 determination standardises currency conversion for stamp duty and customs calculations under the notification.
The Central Government, exercising statutory powers, prescribes specific exchange rates for conversion between listed foreign currencies and Indian currency for calculating stamp duty and for determinations under the Customs Act, superseding an earlier notification. The attached Schedule fixes, for each listed currency, the amount of that foreign currency equivalent to Rs. 100, to be applied from the stated effective date for the purposes specified in the notification.
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