Exchange rate schedule prescribes conversion rates for imported goods to determine customs valuation and stamp duty consequences. The Central Government prescribes a rate of exchange schedule for specified foreign currencies to be used for calculating stamp duty under the Indian Stamp Act and for determinations under section 14 of the Customs Act as they relate to imported goods, superseding the prior notification and fixing specific conversion figures in two appended schedules to standardise currency conversion for valuation and charging purposes.
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Exchange rate schedule prescribes conversion rates for imported goods to determine customs valuation and stamp duty consequences.
The Central Government prescribes a rate of exchange schedule for specified foreign currencies to be used for calculating stamp duty under the Indian Stamp Act and for determinations under section 14 of the Customs Act as they relate to imported goods, superseding the prior notification and fixing specific conversion figures in two appended schedules to standardise currency conversion for valuation and charging purposes.
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