Exchange rate determination for imported goods: prescribed schedule of conversion rates to govern customs valuation and stamp duty. The Central Government prescribes specific exchange rates for conversion between listed foreign currencies and Indian currency to govern valuation of imported goods and calculation of stamp duty; the notification supersedes an earlier notification and requires that the rates set out in Schedule I and Schedule II be applied for the statutory calculations, adopting fixed numerical conversion figures per currency as the operative mechanism.
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Exchange rate determination for imported goods: prescribed schedule of conversion rates to govern customs valuation and stamp duty.
The Central Government prescribes specific exchange rates for conversion between listed foreign currencies and Indian currency to govern valuation of imported goods and calculation of stamp duty; the notification supersedes an earlier notification and requires that the rates set out in Schedule I and Schedule II be applied for the statutory calculations, adopting fixed numerical conversion figures per currency as the operative mechanism.
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