Exchange rate determination sets conversion rate for Russian rouble under customs law, fixing rupee conversion rate. The Central Government, exercising its statutory power under the Customs Act, 1962 for section 14 purposes, fixes the conversion rate of one Russian rouble at rupees 17.5760. The notification supersedes Notification No. 65/88-Cus. (N.T.) and is effective from 24 October 1988, making the stated rate applicable for customs valuation and currency conversion under the Act.
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Exchange rate determination sets conversion rate for Russian rouble under customs law, fixing rupee conversion rate.
The Central Government, exercising its statutory power under the Customs Act, 1962 for section 14 purposes, fixes the conversion rate of one Russian rouble at rupees 17.5760. The notification supersedes Notification No. 65/88-Cus. (N.T.) and is effective from 24 October 1988, making the stated rate applicable for customs valuation and currency conversion under the Act.
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