Exchange rate determination establishes conversion rate for Russian rouble into Indian currency under Customs Act. Central Government determines under section 14(3)(a)(i) of the Customs Act, 1962 that one Russian rouble shall be reckoned as rupees 16.3924 for the purposes of section 14, superseding the earlier notification (G.S.R. No. 997(E), 21 December 1987), with the rate effective from 8 June 1988 as the statutory conversion benchmark for customs purposes.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination establishes conversion rate for Russian rouble into Indian currency under Customs Act.
Central Government determines under section 14(3)(a)(i) of the Customs Act, 1962 that one Russian rouble shall be reckoned as rupees 16.3924 for the purposes of section 14, superseding the earlier notification (G.S.R. No. 997(E), 21 December 1987), with the rate effective from 8 June 1988 as the statutory conversion benchmark for customs purposes.
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