Exchange rate amendment updates Australian dollar valuation for customs calculation, altering import duty assessment procedures. Amendment substitutes the schedule entry for the Australian dollar in the non tariff customs notification, fixing the official exchange rate to be applied for customs and stamp purposes under powers derived from the Indian Stamp Act and the Customs Act, and specifies the date from which that rate is operative.
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Exchange rate amendment updates Australian dollar valuation for customs calculation, altering import duty assessment procedures.
Amendment substitutes the schedule entry for the Australian dollar in the non tariff customs notification, fixing the official exchange rate to be applied for customs and stamp purposes under powers derived from the Indian Stamp Act and the Customs Act, and specifies the date from which that rate is operative.
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