Exchange rate determination for export goods set new conversion rates effective under Customs Act, replacing prior notification. The Board, under the Customs Act, prescribes rates of exchange to be used for conversion between specified foreign currencies and Indian rupees for export goods valuation, superseding the earlier notification; Schedule I lists rates per one unit of each foreign currency and Schedule II lists the rate per one hundred units of the listed currency as the prescribed exchange values for export goods conversion.
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 export goods set new conversion rates effective under Customs Act, replacing prior notification.
The Board, under the Customs Act, prescribes rates of exchange to be used for conversion between specified foreign currencies and Indian rupees for export goods valuation, superseding the earlier notification; Schedule I lists rates per one unit of each foreign currency and Schedule II lists the rate per one hundred units of the listed currency as the prescribed exchange values for export goods conversion.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
