Exchange rate determination for Russian rouble under Customs Act sets specified conversion rate for customs valuation and compliance. Pursuant to section 14 of the Customs Act, 1962, the Central Government fixes the rate of exchange for conversion of one Russian rouble into Indian currency and vice-versa for customs purposes, superseding Notification No. 41/88-Cus. (N.T.), and declares the newly specified conversion rate effective from 7 October 1988 for customs valuation and related compliance.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for Russian rouble under Customs Act sets specified conversion rate for customs valuation and compliance.
Pursuant to section 14 of the Customs Act, 1962, the Central Government fixes the rate of exchange for conversion of one Russian rouble into Indian currency and vice-versa for customs purposes, superseding Notification No. 41/88-Cus. (N.T.), and declares the newly specified conversion rate effective from 7 October 1988 for customs valuation and related compliance.
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