Exchange rate determination for imported goods sets specified currency conversion rates for customs purposes. The Board, under the statutory power in section 14(3)(a)(i) of the Customs Act, supersedes Notification No.74/2002 and prescribes specific conversion rates for listed foreign currencies into Indian rupees in two schedules (per unit rates and a per hundred unit rate for Japanese yen), to operate from the commencement date stated and to be used for customs valuation and related statutory purposes.
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 sets specified currency conversion rates for customs purposes.
The Board, under the statutory power in section 14(3)(a)(i) of the Customs Act, supersedes Notification No.74/2002 and prescribes specific conversion rates for listed foreign currencies into Indian rupees in two schedules (per unit rates and a per hundred unit rate for Japanese yen), to operate from the commencement date stated and to be used for customs valuation and related statutory purposes.
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