Exchange rate determination for export goods establishes revised foreign currency conversion rates and supersedes prior notification. The Central Government, under the Customs Act authority, prescribes conversion rates for specified foreign currencies into Indian currency for export goods and supersedes the earlier notification. The revised rates are listed in two appended schedules, each entry giving the Indian Rupee equivalent for a stated quantum of foreign currency, and are declared effective from the stated commencement date for implementation by customs authorities and exporters.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for export goods establishes revised foreign currency conversion rates and supersedes prior notification.
The Central Government, under the Customs Act authority, prescribes conversion rates for specified foreign currencies into Indian currency for export goods and supersedes the earlier notification. The revised rates are listed in two appended schedules, each entry giving the Indian Rupee equivalent for a stated quantum of foreign currency, and are declared effective from the stated commencement date for implementation by customs authorities and exporters.
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