Exchange rate determination sets prescribed conversion rates for specified foreign currencies to be used in export valuation under the Customs Act. The Central Government, under Section 14(3)(a) of the Customs Act, prescribes conversion rates for specified foreign currencies for export goods, superseding the earlier notification; two appended schedules set the applicable rates to be used for converting each listed currency into Indian rupees or vice versa for export valuation and customs purposes, effective from the commencement date stated in the notification.
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 sets prescribed conversion rates for specified foreign currencies to be used in export valuation under the Customs Act.
The Central Government, under Section 14(3)(a) of the Customs Act, prescribes conversion rates for specified foreign currencies for export goods, superseding the earlier notification; two appended schedules set the applicable rates to be used for converting each listed currency into Indian rupees or vice versa for export valuation and customs purposes, effective from the commencement date stated in the notification.
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