Exchange rate determination for export goods fixes specified foreign currency conversion rates under the Customs Act. The Board, under section 14(3)(a)(i) of the Customs Act, supersedes Notification No.58/2002 and fixes conversion rates for specified foreign currencies into Indian rupees for export goods. The rates are set out in Schedule I (one-unit equivalents) and Schedule II (100-unit equivalents) and are made operative from the notification's stated effective date for use in customs valuation and export procedures.
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Provisions expressly mentioned in the judgment/order text.
Exchange rate determination for export goods fixes specified foreign currency conversion rates under the Customs Act.
The Board, under section 14(3)(a)(i) of the Customs Act, supersedes Notification No.58/2002 and fixes conversion rates for specified foreign currencies into Indian rupees for export goods. The rates are set out in Schedule I (one-unit equivalents) and Schedule II (100-unit equivalents) and are made operative from the notification's stated effective date for use in customs valuation and export procedures.
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