Exchange rate determination for export goods establishes specified currency conversion rates and supersedes prior notification. The notification, issued under the Customs Act authority to determine rates for export goods, supersedes the earlier notification and prescribes specific exchange rates for listed foreign currencies in two appended schedules. Those rates are declared as the operative conversion values for conversion between each listed foreign currency and Indian currency for purposes relating to export goods, with effect from the stated operative 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 determination for export goods establishes specified currency conversion rates and supersedes prior notification.
The notification, issued under the Customs Act authority to determine rates for export goods, supersedes the earlier notification and prescribes specific exchange rates for listed foreign currencies in two appended schedules. Those rates are declared as the operative conversion values for conversion between each listed foreign currency and Indian currency for purposes relating to export goods, with effect from the stated operative date.
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