Exchange rate schedule sets official conversion rates for foreign currencies for stamp duty and customs valuation. Prescribes an official schedule of exchange rates for conversion between specified foreign currencies and Indian currency to be applied in calculating stamp duty and for purposes of section 14 of the Customs Act as they relate to imported goods; two appended schedules set unit-equivalent and per-hundred-unit rates to be used by customs and stamp authorities for valuation and duty calculation, superseding the earlier notification and taking effect from the stated implementation date.
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 schedule sets official conversion rates for foreign currencies for stamp duty and customs valuation.
Prescribes an official schedule of exchange rates for conversion between specified foreign currencies and Indian currency to be applied in calculating stamp duty and for purposes of section 14 of the Customs Act as they relate to imported goods; two appended schedules set unit-equivalent and per-hundred-unit rates to be used by customs and stamp authorities for valuation and duty calculation, superseding the earlier notification and taking effect from the stated implementation date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
