Exchange rate determination for imported goods establishes specified currency conversion rates effective from the notified date. The Board, exercising powers under the Customs Act, prescribes conversion rates for specified foreign currencies into Indian rupees for imported goods, superseding the earlier notification; Schedule I lists rates per one unit for various currencies and Schedule II lists the rate per one hundred units for the Japanese yen, with the prescribed rates taking effect from the notified commencement date for customs valuation and import procedures.
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 imported goods establishes specified currency conversion rates effective from the notified date.
The Board, exercising powers under the Customs Act, prescribes conversion rates for specified foreign currencies into Indian rupees for imported goods, superseding the earlier notification; Schedule I lists rates per one unit for various currencies and Schedule II lists the rate per one hundred units for the Japanese yen, with the prescribed rates taking effect from the notified commencement date for customs valuation and import procedures.
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