Exchange rate determination for stamp duty and customs prescribes specified currency conversions under statutory schedule and notice. Prescribes statutory rates of exchange for specified foreign currencies for calculating stamp duty under the Indian Stamp Act, 1899 and for section 14 of the Customs Act, 1962; the Central Government, exercising delegated powers, supersedes a prior notification and declares that the conversion rate for each listed currency into Indian currency shall be the rate specified in the schedule, expressed as the amount of foreign currency equivalent to one hundred rupees.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for stamp duty and customs prescribes specified currency conversions under statutory schedule and notice.
Prescribes statutory rates of exchange for specified foreign currencies for calculating stamp duty under the Indian Stamp Act, 1899 and for section 14 of the Customs Act, 1962; the Central Government, exercising delegated powers, supersedes a prior notification and declares that the conversion rate for each listed currency into Indian currency shall be the rate specified in the schedule, expressed as the amount of foreign currency equivalent to one hundred rupees.
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